Faraday Copper (OTCMKTS:CPPKF) Trading 3.8% Higher – Here’s Why

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

Analyst Ratings Changes

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

Faraday Copper Price Performance

The business’s 50-day moving average price is $2.07 and its 200 day moving average price is $1.49.

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.