Marimaca Copper Corp. (OTCMKTS:MARIF – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 259,254 shares, an increase of 178.3% from the May 31st total of 93,141 shares. Based on an average daily trading volume, of 61,575 shares, the days-to-cover ratio is presently 4.2 days.
Marimaca Copper Trading Up 2.5%
Shares of OTCMKTS:MARIF traded up $0.13 on Friday, reaching $5.24. The company had a trading volume of 9,680 shares, compared to its average volume of 24,480. Marimaca Copper has a 52-week low of $4.94 and a 52-week high of $9.87. The firm’s 50 day simple moving average is $5.88 and its 200-day simple moving average is $7.00.
About Marimaca Copper
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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