Faraday Copper Corp. (OTCMKTS:CPPKF) Short Interest Update

Faraday Copper Corp. (OTCMKTS:CPPKF) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 955,675 shares, a growth of 76.3% from the June 15th total of 542,030 shares. Based on an average trading volume of 128,236 shares, the short-interest ratio is presently 7.5 days.

Analysts Set New Price Targets

Separately, Raymond James Financial assumed coverage on shares of Faraday Copper in a research report on Thursday, June 4th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Faraday Copper Stock Down 1.6%

Shares of CPPKF stock opened at $3.67 on Friday. The stock has a 50-day moving average of $4.13 and a 200-day moving average of $3.33. Faraday Copper has a one year low of $0.75 and a one year high of $4.83.

About Faraday Copper

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.