Faraday Copper Corp. (OTCMKTS:CPPKF) Short Interest Update

Faraday Copper Corp. (OTCMKTS:CPPKF) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 656,906 shares, an increase of 73.2% from the April 15th total of 379,359 shares. Based on an average trading volume of 221,932 shares, the days-to-cover ratio is currently 3.0 days.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CPPKF shares. TD Securities restated a “buy” rating on shares of Faraday Copper in a research report on Wednesday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Faraday Copper in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Faraday Copper Stock Performance

Shares of OTCMKTS:CPPKF opened at $4.11 on Monday. Faraday Copper has a 12 month low of $0.53 and a 12 month high of $4.40. The company’s fifty day moving average price is $3.42 and its 200 day moving average price is $2.53.

Faraday Copper Company Profile

Faraday Copper Corp is a Canada?based mineral exploration and development company focused on advancing copper?gold porphyry projects in Chile. The company’s flagship asset is the El Alcaparrosa copper?gold deposit, located in the Maricunga mineral belt of northern Chile. Faraday Copper holds mining concessions that cover a combined area of approximately 9,000 hectares, positioning it to explore, define and develop resources to support future mine studies and potential production.

The company’s technical activities include systematic drilling campaigns, metallurgical testing and environmental baseline studies.