Short Interest in Marimaca Copper Corp. (OTCMKTS:MARIF) Grows By 148.8%

Marimaca Copper Corp. (OTCMKTS:MARIFGet Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 85,357 shares, an increase of 148.8% from the April 15th total of 34,305 shares. Based on an average daily volume of 51,585 shares, the days-to-cover ratio is presently 1.7 days.

Marimaca Copper Price Performance

MARIF stock traded down $0.47 on Friday, reaching $6.00. The company had a trading volume of 6,305 shares, compared to its average volume of 21,514. The company’s fifty day moving average is $6.33 and its 200 day moving average is $7.48. Marimaca Copper has a 1 year low of $3.25 and a 1 year high of $9.87.

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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