Faraday Copper (TSE:FDY) Sets New 1-Year High – Time to Buy?
by Teresa Graham · The Cerbat GemFaraday Copper Corp. (TSE:FDY – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$2.96 and last traded at C$2.95, with a volume of 52398 shares trading hands. The stock had previously closed at C$2.87.
Analysts Set New Price Targets
Separately, Ventum Cap Mkts upgraded Faraday Copper to a “strong-buy” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Faraday Copper has an average rating of “Strong Buy” and a consensus target price of C$1.50.
View Our Latest Stock Report on Faraday Copper
Faraday Copper Trading Up 2.1%
The stock has a fifty day simple moving average of C$2.24 and a two-hundred day simple moving average of C$1.65. The company has a market cap of C$740.94 million, a PE ratio of -22.54 and a beta of 1.49.
Faraday Copper (TSE:FDY – Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. Faraday Copper had a negative return on equity of 54.03% and a negative net margin of 40,035.69%.
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.