Faraday Copper (TSE:FDY) Hits New 52-Week High – Time to Buy?

Faraday Copper Corp. (TSE:FDY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.47 and last traded at C$3.42, with a volume of 1146378 shares. The stock had previously closed at C$3.28.

Analyst Ratings Changes

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 given a Buy rating to the stock. According to MarketBeat, Faraday Copper presently has an average rating of “Strong Buy” and a consensus target price of C$1.50.

Faraday Copper Stock Up 1.2%

The stock has a market cap of C$869.91 million, a P/E ratio of -26.46 and a beta of 1.49. The company has a 50-day simple moving average of C$2.61 and a two-hundred day simple moving average of C$1.92.

Faraday Copper (TSE:FDY) last issued its earnings results on Thursday, November 13th. The company reported C$0.02 EPS 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.