Arizona Sonoran Copper (OTC:ASCUF) Trading 1.9% Higher – Time to Buy?

Arizona Sonoran Copper Company Inc. (OTC:ASCUF)’s share price was up 1.9% during trading on Friday . The company traded as high as $4.40 and last traded at $4.20. Approximately 146,770 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 112,225 shares. The stock had previously closed at $4.12.

Wall Street Analyst Weigh In

ASCUF has been the topic of several recent analyst reports. TD Securities reaffirmed a “buy” rating on shares of Arizona Sonoran Copper in a research report on Tuesday, October 21st. Raymond James Financial restated an “outperform” rating on shares of Arizona Sonoran Copper in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Arizona Sonoran Copper currently has a consensus rating of “Buy”.

Arizona Sonoran Copper Stock Up 1.9%

The company has a fifty day moving average of $3.34 and a 200 day moving average of $2.50.

About Arizona Sonoran Copper

Arizona Sonoran Copper Company Inc engages in the identification, acquisition, exploration, development, and production of base metal properties. It primarily explores for copper. The company’s principal asset is the 100% owned Cactus Mine Project located in Casa Grande, Arizona. The company was formerly known as Elim Mining Incorporated and changed its name to Arizona Sonoran Copper Company Inc in July 2021. Arizona Sonoran Copper Company Inc was incorporated in 2019 and is based in Toronto, Canada.