Arizona Sonoran Copper (OTC:ASCUF) Trading Up 1.9% – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several research firms have commented on ASCUF. TD Securities reiterated a “buy” rating on shares of Arizona Sonoran Copper in a research report on Tuesday, October 21st. Raymond James Financial reiterated an “outperform” rating on shares of Arizona Sonoran Copper in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average 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 $2.51.

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.