Faraday Copper (TSE:FDY) Reaches New 1-Year High – Still a Buy?

Faraday Copper Corp. (TSE:FDY) hit a new 52-week high during trading on Monday . The stock traded as high as C$2.96 and last traded at C$2.95, with a volume of 52398 shares traded. The stock had previously closed at C$2.87.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts raised 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 stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of C$1.50.

Faraday Copper Stock Performance

The stock’s fifty day moving average price is C$2.27 and its 200 day moving average price is C$1.68. The stock has a market cap of C$713.12 million, a P/E ratio of -21.69 and a beta of 1.49.

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

Faraday Copper Company Profile

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.