Faraday Copper (TSE:FDY) Reaches New 52-Week High at $0.85

Faraday Copper Corp. (TSE:FDY)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$0.85 and last traded at C$0.83, with a volume of 64848 shares. The stock had previously closed at C$0.83.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FDY shares. BMO Capital Markets set a C$1.00 price target on shares of Faraday Copper and gave the stock an “outperform” rating in a report on Monday, June 17th. TD Securities set a C$1.25 price objective on shares of Faraday Copper and gave the stock a “buy” rating in a research note on Friday, May 31st.

Faraday Copper Stock Performance

The firm has a market cap of C$146.57 million, a price-to-earnings ratio of -6.92 and a beta of 1.63. The stock’s fifty day moving average price is C$0.80 and its 200-day moving average price is C$0.67.

Faraday Copper Company Profile

Faraday Copper Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States. The company holds a 100% interest in the Copper Creek project comprising private land, patented and un-patented mining claims, and state prospecting permits that covers an area of approximately 65 square kilometers located in Pinal County, Arizona.