Faraday Copper (TSE:FDY) Reaches New 52-Week High – Here’s Why

by · The Cerbat Gem

Faraday Copper Corp. (TSE:FDY – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.37 and last traded at C$2.35, with a volume of 409311 shares trading hands. The stock had previously closed at C$2.21.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts upgraded Faraday Copper to a “strong-buy” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$1.50.

Get Our Latest Analysis on FDY

Faraday Copper Price Performance

The business has a fifty day moving average price of C$1.98 and a 200 day moving average price of C$1.43. The company has a market capitalization of C$594.27 million, a price-to-earnings ratio of -18.08 and a beta of 1.38.

Faraday Copper (TSE:FDY – Get Free Report) last released its earnings results 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

(Get Free Report)

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.

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