Arizona Sonoran Copper Company Inc. (OTCMKTS:ASCUF – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 652,493 shares, a drop of 68.1% from the April 30th total of 2,044,651 shares. Based on an average daily volume of 249,363 shares, the days-to-cover ratio is presently 2.6 days.
Arizona Sonoran Copper Stock Up 2.9%
Shares of ASCUF opened at $7.01 on Friday. The firm’s 50 day moving average is $5.69 and its 200-day moving average is $4.54. Arizona Sonoran Copper has a 12-month low of $1.46 and a 12-month high of $7.01.
Wall Street Analyst Weigh In
Separately, Scotiabank reissued an “outperform” rating on shares of Arizona Sonoran Copper in a research note on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.
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.
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