Faraday Copper (TSE:FDY) Trading 1.3% Higher – What’s Next?

Faraday Copper Corp. (TSE:FDY)’s share price shot up 1.3% during mid-day trading on Thursday . The company traded as high as C$0.77 and last traded at C$0.76. 40,236 shares were traded during mid-day trading, a decline of 68% from the average session volume of 124,849 shares. The stock had previously closed at C$0.75.

Analyst Ratings Changes

Separately, TD Securities set a C$1.25 price target on shares of Faraday Copper and gave the stock a “buy” rating in a research note on Tuesday, April 29th.

Faraday Copper Stock Performance

The firm has a market cap of C$154.02 million, a PE ratio of -7.49 and a beta of 1.62. The stock has a 50-day simple moving average of C$0.81 and a two-hundred day simple moving average of C$0.80.

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.