Capstone Copper (OTCMKTS:CSCCF) Trading 3.1% Higher – Here’s Why

Shares of Capstone Copper Corp. (OTCMKTS:CSCCF) shot up 3.1% during mid-day trading on Monday . The company traded as high as C$12.03 and last traded at C$12.03. 31,812 shares were traded during trading, a decline of 93% from the average session volume of 443,578 shares. The stock had previously closed at C$11.67.

Analyst Upgrades and Downgrades

CSCCF has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Capstone Copper in a research report on Wednesday, August 12th. Scotiabank reiterated an “outperform” rating on shares of Capstone Copper in a research report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Capstone Copper in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capstone Copper currently has a consensus rating of “Moderate Buy”.

Capstone Copper Stock Performance

The firm’s 50-day moving average is C$9.88 and its two-hundred day moving average is C$9.52.

About Capstone Copper

Capstone Copper Ltd is a copper-focused exploration and development company headquartered in Vancouver, British Columbia. Established through a corporate spin-off from Capstone Mining Corp, the company is dedicated to advancing copper resources across the Americas. Capstone Copper’s portfolio comprises early- to mid-stage projects, with an initial emphasis on high-grade copper deposits in Chile and surrounding jurisdictions.

The company’s principal activities include geological exploration, resource definition, engineering studies, and environmental permitting.