Marimaca Copper Corp. (OTCMKTS:MARIF – Get Free Report) was the target of a large increase in short interest during 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 3.3%
OTCMKTS:MARIF traded up $0.17 during trading hours on Tuesday, reaching $5.30. 2,594 shares of the stock were exchanged, compared to its average volume of 24,125. Marimaca Copper has a twelve month low of $4.94 and a twelve month high of $9.87. The firm has a 50 day moving average of $5.86 and a 200 day moving average of $6.98.
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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