Capstone Copper (OTCMKTS:CSCCF) Shares Up 5.2% – Here’s Why
by Michael Walen · The Markets DailyCapstone Copper Corp. (OTCMKTS:CSCCF – Get Free Report) shares were up 5.2% during trading on Thursday . The stock traded as high as C$10.23 and last traded at C$10.16. Approximately 329,500 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 437,494 shares. The stock had previously closed at C$9.66.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. The Goldman Sachs Group upgraded Capstone Copper to a “buy” rating in a research report on Monday, August 31st. Bradesco Corretora lowered Capstone Copper to a “neutral” rating in a report on Wednesday, September 2nd. Citigroup reissued a “buy” rating on shares of Capstone Copper in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Capstone Copper in a research note on Friday, July 31st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Capstone Copper in a report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capstone Copper presently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on CSCCF
Capstone Copper Trading Up 5.2%
The stock’s 50 day moving average is C$10.40 and its 200 day moving average is C$9.52.
Capstone Copper Company Profile
Capstone Copper Ltd is a copper-focused exploration and development company headquartered in Vancouver, British Columbia. Established through a corporate spin-off from Capstone Mining Corp, the company is dedicated to advancing copper resources across the Americas. Capstone Copper’s portfolio comprises early- to mid-stage projects, with an initial emphasis on high-grade copper deposits in Chile and surrounding jurisdictions.
The company’s principal activities include geological exploration, resource definition, engineering studies, and environmental permitting.