Faraday Copper (TSE:FDY) Hits New 12-Month High – Time to Buy?

Shares of Faraday Copper Corp. (TSE:FDY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.14 and last traded at C$3.10, with a volume of 91886 shares trading hands. The stock had previously closed at C$3.03.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts upgraded Faraday Copper to a “strong-buy” rating in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Strong Buy” and an average price target of C$1.50.

Faraday Copper Stock Performance

The stock has a market capitalization of C$766.23 million, a PE ratio of -23.31 and a beta of 1.49. The stock’s 50-day moving average price is C$2.45 and its two-hundred day moving average price is C$1.83.

Faraday Copper (TSE:FDY) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. Faraday Copper had a negative net margin of 40,035.69% and a negative return on equity of 54.03%.

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. The Copper Creek Project consists of approximately 65 square kilometers and has a rich history of exploration and mining across patented and unpatented claims.