Marimaca Copper Corp. (OTCMKTS:MARIF) Short Interest Up 178.3% in June

Marimaca Copper Corp. (OTCMKTS:MARIF) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 259,254 shares, a growth of 178.3% from the May 31st total of 93,141 shares. Based on an average trading volume of 61,575 shares, the days-to-cover ratio is currently 4.2 days.

Marimaca Copper Stock Performance

Shares of Marimaca Copper stock traded down $0.13 during trading hours on Monday, reaching $5.11. The stock had a trading volume of 2,901 shares, compared to its average volume of 24,301. Marimaca Copper has a 1 year low of $4.94 and a 1 year high of $9.87. The firm has a 50 day simple moving average of $5.88 and a two-hundred day simple moving average of $7.00.

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.