Faraday Copper (TSE:FDY) Shares Down 6.1% – Should You Sell?

Faraday Copper Corp. (TSE:FDY) fell 6.1% during mid-day trading on Thursday . The stock traded as low as C$3.60 and last traded at C$3.82. 1,910,667 shares traded hands during trading, an increase of 113% from the average session volume of 895,977 shares. The stock had previously closed at C$4.07.

Analyst Ratings Changes

Separately, TD Securities increased their price target on shares of Faraday Copper from C$3.50 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$5.50.

Faraday Copper Price Performance

The company has a 50 day moving average of C$3.80 and a two-hundred day moving average of C$2.62. The company has a market capitalization of C$966.00 million, a PE ratio of -29.38 and a beta of 2.04.

Faraday Copper (TSE:FDY) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$0.21 EPS for the quarter. Faraday Copper had a negative return on equity of 63.51% and a negative net margin of 40,035.69%.

About Faraday Copper

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.