Faraday Copper (TSE:FDY) Sets New 12-Month High – Here’s Why

Shares of Faraday Copper Corp. (TSE:FDY) reached a new 52-week high during trading on Thursday . The company traded as high as C$3.14 and last traded at C$3.10, with a volume of 91886 shares. The stock had previously closed at C$3.03.

Wall Street Analysts Forecast Growth

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

Faraday Copper Price Performance

The stock has a market cap of C$766.23 million, a PE ratio of -23.31 and a beta of 1.49. The company has a fifty day moving average price of C$2.45 and a 200 day moving average price of C$1.83.

Faraday Copper (TSE:FDY) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Faraday Copper had a negative return on equity of 54.03% and a negative net margin of 40,035.69%.

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. The Copper Creek Project consists of approximately 65 square kilometers and has a rich history of exploration and mining across patented and unpatented claims.