Marimaca Copper (OTCMKTS:MARIF) Shares Down 1.6% – Should You Sell?

Marimaca Copper Corp. (OTCMKTS:MARIFGet Free Report) was down 1.6% on Friday . The company traded as low as $8.07 and last traded at $8.07. Approximately 2,459 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 8,330 shares. The stock had previously closed at $8.2040.

Marimaca Copper Stock Down 1.6%

The company’s 50 day moving average price is $8.34 and its 200-day moving average price is $7.89.

Marimaca Copper Company Profile

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Marimaca Copper Inc is a mineral exploration and development company focused on advancing the Marimaca copper project in the Antofagasta region of northern Chile. The company’s primary objective is to bring its near‐surface, oxide copper deposit into production through a low‐cost, heap‐leach and solvent extraction‐electrowinning (SX‐EW) process. Marimaca Copper is listed on the OTC Markets under the ticker symbol MARIF.

The Marimaca deposit hosts a substantial oxide resource with demonstrated grade and scale, supported by detailed drilling and metallurgical test work.

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