Josemaria Resources Inc. (OTCMKTS:JOSMF – Get Free Report) dropped 3.8% during trading on Thursday. The company traded as low as $1.2971 and last traded at $1.3050. Approximately 8,300 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 62,269 shares. The stock had previously closed at $1.3568.
Josemaria Resources Stock Performance
The stock has a 50-day moving average price of $1.30 and a 200-day moving average price of $1.31.
Josemaria Resources Company Profile
Josemaria Resources Inc was a Canadian mineral exploration and development company focused on advancing the Josemaria copper-gold-silver project in Argentina. The company did not operate a diversified portfolio of commercial products; its principal business was the exploration, evaluation and development of mineral properties.
The Josemaria project is located in San Juan Province in western Argentina, near the Chilean border. The project is designed as a large-scale open-pit mining operation that would produce copper concentrate containing gold and silver byproducts, subject to permitting, financing, construction and other development requirements.
Josemaria Resources was formerly known as NGEx Resources Inc and adopted its current name to reflect its focus on the Josemaria project.
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