Marimaca Copper (OTCMKTS:MARIF) Shares Down 9.4% – Here’s Why

Marimaca Copper Corp. (OTCMKTS:MARIFGet Free Report) traded down 9.4% during trading on Friday . The company traded as low as $5.0220 and last traded at $5.0376. 20,239 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 22,536 shares. The stock had previously closed at $5.5623.

Marimaca Copper Price Performance

The stock has a 50-day moving average of $6.06 and a 200 day moving average of $7.24.

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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