Faraday Copper (TSE:FDY) Reaches New 12-Month High – Should You Buy?

Faraday Copper Corp. (TSE:FDY) shares hit a new 52-week high during trading on Thursday . The company 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.

Wall Street Analysts Forecast Growth

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

Faraday Copper Trading Down 3.0%

The business’s fifty day moving average price is C$2.01 and its two-hundred day moving average price is C$1.45. The firm has a market cap of C$576.57 million, a P/E ratio of -17.54 and a beta of 1.38.

Faraday Copper (TSE:FDY) last posted 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%.

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.