Arizona Sonoran Copper (OTC:ASCUF) Trading Down 2% – What’s Next?

Arizona Sonoran Copper Company Inc. (OTC:ASCUF) was down 2% on Monday . The stock traded as low as $2.40 and last traded at $2.42. Approximately 95,192 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 50,587 shares. The stock had previously closed at $2.4690.

Analyst Ratings Changes

Several brokerages have recently issued reports on ASCUF. TD Securities reissued a “buy” rating on shares of Arizona Sonoran Copper in a research report on Tuesday, October 21st. Desjardins began coverage on shares of Arizona Sonoran Copper in a report on Monday, September 22nd. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Arizona Sonoran Copper currently has a consensus rating of “Buy”.

Arizona Sonoran Copper Stock Performance

The business’s 50 day moving average is $2.30 and its 200 day moving average is $1.89.

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.