Faraday Copper (TSE:FDY) Trading 2.1% Higher – Here’s What Happened

Faraday Copper Corp. (TSE:FDY) was up 2.1% during trading on Thursday . The company traded as high as C$3.50 and last traded at C$3.41. Approximately 777,924 shares traded hands during trading, an increase of 26% from the average daily volume of 617,177 shares. The stock had previously closed at C$3.34.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial upgraded shares of 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of C$1.50.

Faraday Copper Stock Up 2.1%

The company’s 50 day simple moving average is C$2.95 and its two-hundred day simple moving average is C$2.13. The company has a market capitalization of C$862.32 million, a price-to-earnings ratio of -26.23 and a beta of 1.02.

Faraday Copper Company Profile

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”.