Arizona Sonoran Copper (OTC:ASCUF) Stock Price Up 5.7% – Time to Buy?

Arizona Sonoran Copper Company Inc. (OTC:ASCUF)’s stock price rose 5.7% on Friday . The stock traded as high as $4.70 and last traded at $4.55. Approximately 188,616 shares traded hands during trading, an increase of 19% from the average daily volume of 159,057 shares. The stock had previously closed at $4.3035.

Analyst Upgrades and Downgrades

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

Arizona Sonoran Copper Stock Performance

The company has a 50 day simple moving average of $3.83 and a 200 day simple moving average of $2.77.

Arizona Sonoran Copper Company Profile

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.