MAC Copper (NYSE:MTAL) Stock Price Down 0.1% – Should You Sell?

MAC Copper Limited (NYSE:MTAL – Get Free Report)’s share price fell 0.1% during trading on Thursday. The company traded as low as $10.12 and last traded at $10.13. Approximately 91,366 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 77,697 shares. The stock had previously closed at $10.14.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of MAC Copper from a “sell (d-)” rating to a “sell (e)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, MAC Copper has an average rating of “Sell”.

View Our Latest Analysis on MAC Copper

MAC Copper Price Performance

The firm’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $10.32.

MAC Copper Company Profile

(Get Free Report)

MAC Copper Limited is a copper mining company focused on the operation and development of the CSA Copper Mine in New South Wales, Australia. The company’s shares trade on the New York Stock Exchange under the symbol MTAL.

The CSA operation is an underground copper mine located near Cobar in central-western New South Wales. Its primary product is copper concentrate, which is produced through mining and processing activities and sold to customers in international markets.

MAC Copper became the owner of the CSA Copper Mine after completing a business combination with Metals Acquisition Corp.

Further Reading

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