Faraday Copper (TSE:FDY) Hits New 12-Month High – Here’s What Happened
by Doug Wharley · The Cerbat GemFaraday Copper Corp. (TSE:FDY – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$2.75 and last traded at C$2.69, with a volume of 400729 shares. The stock had previously closed at C$2.74.
Analyst Upgrades and Downgrades
Separately, Ventum Cap Mkts raised shares of Faraday Copper to a “strong-buy” rating in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average target price of C$1.50.
Check Out Our Latest Research Report on FDY
Faraday Copper Stock Down 1.8%
The company’s 50-day moving average is C$2.17 and its two-hundred day moving average is C$1.60. The company has a market cap of C$680.25 million, a P/E ratio of -20.69 and a beta of 1.38.
Faraday Copper (TSE:FDY – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 54.03%.
Faraday Copper Company Profile
Faraday Copper Corp. is a Canada-based exploration company. The Company is focused on advancing its flagship copper project in Arizona, United States. The Company’s projects include Copper Creek Project and Contact Copper Project. The Copper Creek Project is a three-kilometer-long porphyry copper deposit located in Pinal County, less than two hours northeast of Tucson, Arizona. The Copper Creek Project consists of approximately 65 square kilometers and has a rich history of exploration and mining across patented and unpatented claims.