Marimaca Copper (OTCMKTS:MARIF) Trading 0.2% Higher – Still a Buy?

Marimaca Copper Corp. (OTCMKTS:MARIF) shares traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $8.5840 and last traded at $8.55. 9,119 shares were traded during mid-day trading, an increase of 31% from the average session volume of 6,972 shares. The stock had previously closed at $8.53.

Marimaca Copper Price Performance

The business’s 50-day moving average is $8.12 and its 200 day moving average is $7.73.

Marimaca Copper Company Profile

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.