Faraday Copper (TSE:FDY) Reaches New 52-Week High – Here’s Why

Faraday Copper Corp. (TSE:FDY) shares reached a new 52-week high during trading on Friday . The company traded as high as C$3.85 and last traded at C$3.82, with a volume of 750899 shares changing hands. The stock had previously closed at C$3.41.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial upgraded shares of Faraday Copper to a “strong-buy” rating in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of C$1.50.

Faraday Copper Price Performance

The firm’s 50 day moving average price is C$2.95 and its two-hundred day moving average price is C$2.13. The firm has a market cap of C$966.00 million, a price-to-earnings ratio of -29.38 and a beta of 1.02.

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”.