Faraday Copper (TSE:FDY) Hits New 1-Year High – Here’s What Happened

Faraday Copper Corp. (TSE:FDY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.36 and last traded at C$2.36, with a volume of 1229977 shares trading hands. The stock had previously closed at C$2.17.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded shares of Faraday Copper to a “strong-buy” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus price target of C$1.50.

Faraday Copper Price Performance

The business’s fifty day moving average price is C$1.94 and its 200-day moving average price is C$1.38. The stock has a market capitalization of C$586.68 million, a PE ratio of -17.85 and a beta of 1.49.

Faraday Copper (TSE:FDY) last announced its quarterly 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%.

About Faraday Copper

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.