Arizona Sonoran Copper (OTC:ASCUF) Stock Price Down 11.2% – Here’s Why

Arizona Sonoran Copper Company Inc. (OTC:ASCUFGet Free Report) shares were down 11.2% during trading on Friday . The stock traded as low as $1.34 and last traded at $1.35. Approximately 45,519 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 35,063 shares. The stock had previously closed at $1.52.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reiterated an “outperform” rating on shares of Arizona Sonoran Copper in a report on Monday, February 3rd.

Get Our Latest Stock Analysis on Arizona Sonoran Copper

Arizona Sonoran Copper Price Performance

The business’s 50-day moving average is $1.39 and its two-hundred day moving average is $1.17.

About Arizona Sonoran Copper

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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.

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