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Bullboard - Stock Discussion Forum Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of... see more

TSX:MARI - Post Discussion

Marimaca Copper Corp > Have not seen that in a while!
View:
Post by Hiezenberg on Jun 21, 2024 9:54pm

Have not seen that in a while!

Last few minutes of trade, the stock jumps up around 30-40 cents on roughly around 50 thousand shares or so, and closes at 4.20. Very interesting. I have not seen that in a long time. It's like there was a mad rush to buy before market close. More interesting is that it's a Friday, and copper is down another 13 cents today. I typically would not care if volume was a few thousand shares, but 64k shares for Marimaca is quite high, considering the daily volume average.
Comment by Woodman601 on Jun 22, 2024 1:02pm
Whoever the buyer is, what do they know?
Comment by micromike on Jun 22, 2024 5:31pm
Exactly at 4PM, Scotia Capital Inc. and Anonymous were the major buyers on Friday. Sometimes the traders like to squeeze the shorts. The only problem with that theory is that there isn’t that many shares shorted. .06% is the short interest as % of the float. There is 1.8 days to cover. I don't think its short squeeze. Day traders like to sell out before Friday. They don’t like to ...more  
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