Faraday Copper (OTCMKTS:CPPKF) Stock Price Up 3.8% – Here’s Why

Faraday Copper Corp. (OTCMKTS:CPPKF) shares traded up 3.8% during mid-day trading on Friday . The company traded as high as $2.49 and last traded at $2.49. 17,296 shares were traded during trading, a decline of 71% from the average session volume of 59,993 shares. The stock had previously closed at $2.3980.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. TD Securities reissued a “buy” rating on shares of Faraday Copper in a research note on Tuesday, October 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Faraday Copper in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Faraday Copper Trading Up 3.8%

The business has a 50 day simple moving average of $2.07 and a two-hundred day simple moving average of $1.50.

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.