Faraday Copper (TSE:FDY) Hits New 12-Month High – What’s Next?

Faraday Copper Corp. (TSE:FDY)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$2.96 and last traded at C$2.96, with a volume of 213128 shares trading hands. The stock had previously closed at C$2.87.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised Faraday Copper to a “strong-buy” rating in a 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. According to data from MarketBeat.com, Faraday Copper presently has an average rating of “Strong Buy” and an average target price of C$1.50.

Faraday Copper Stock Up 3.5%

The firm has a market cap of C$751.05 million, a price-to-earnings ratio of -22.85 and a beta of 1.49. The stock’s 50 day moving average is C$2.32 and its 200 day moving average is C$1.74.

Faraday Copper (TSE:FDY) last issued 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.