Marimaca Copper Corp. (OTCMKTS:CROJF – Get Rating) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 16,100 shares, a decline of 7.5% from the September 30th total of 17,400 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 26.8 days.

Marimaca Copper Stock Performance

Shares of CROJF opened at $2.25 on Wednesday. The stock has a fifty day moving average of $2.36 and a two-hundred day moving average of $2.64. Marimaca Copper has a fifty-two week low of $1.51 and a fifty-two week high of $3.52.

Analysts Set New Price Targets

Several research analysts recently issued reports on CROJF shares. Royal Bank of Canada lifted their price objective on Marimaca Copper from C$5.00 to C$5.50 in a research report on Friday, October 14th. Canaccord Genuity Group lifted their price objective on Marimaca Copper from C$4.50 to C$5.50 and gave the stock a "buy" rating in a research report on Friday, October 14th.

About Marimaca Copper

Marimaca Copper Corp. engages in the acquisition, exploration, and development of mineral properties and projects in the United States and Chile. The company explores for copper, iron ore, gold, and other base and precious metals. Its flagship project is the Marimaca Copper project located in the Antofagasta Region of Chile.

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