Faraday Copper (TSE:FDY) Trading 1.9% Higher

Faraday Copper Corp. (TSE:FDY) traded up 1.9% during mid-day trading on Thursday . The stock traded as high as C$0.82 and last traded at C$0.82. 25,975 shares traded hands during trading, a decline of 80% from the average session volume of 130,155 shares. The stock had previously closed at C$0.81.

Wall Street Analysts Forecast Growth

FDY has been the topic of several recent analyst reports. BMO Capital Markets set a C$1.00 target price on Faraday Copper and gave the stock an “outperform” rating in a research report on Monday, June 17th. TD Securities set a C$1.25 price objective on Faraday Copper and gave the stock a “buy” rating in a research report on Friday, May 31st.

Faraday Copper Stock Performance

The firm has a market cap of C$144.80 million, a price-to-earnings ratio of -6.83 and a beta of 1.60. The business has a fifty day moving average of C$0.79 and a two-hundred day moving average of C$0.70.

Faraday Copper (TSE:FDY) last posted its earnings results on Thursday, August 1st. The company reported C($0.03) earnings per share for the quarter.

Faraday Copper Company Profile

Faraday Copper Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States. The company holds a 100% interest in the Copper Creek project comprising private land, patented and un-patented mining claims, and state prospecting permits that covers an area of approximately 65 square kilometers located in Pinal County, Arizona.