Marimaca Copper Corp. (OTCMKTS:MARIF) Short Interest Up 148.8% in April

Marimaca Copper Corp. (OTCMKTS:MARIF) was the recipient of 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 trading volume, of 51,585 shares, the short-interest ratio is presently 1.7 days.

Marimaca Copper Price Performance

Shares of Marimaca Copper stock traded down $0.55 during trading hours on Friday, hitting $5.92. The company’s stock had a trading volume of 19,252 shares, compared to its average volume of 21,679. The business has a fifty day moving average of $6.30 and a 200 day moving average of $7.46. Marimaca Copper has a 1-year low of $3.25 and a 1-year high of $9.87.

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.