Thomas Bissig Sells 8,000 Shares of Faraday Copper (TSE:FDY) Stock

Key Points

• Faraday Copper's Director, Thomas Bissig, sold 8,000 shares at C$1.37, significantly reducing his ownership by 70.18% to 3,400 shares.
• The company's stock has seen a recent increase, trading at C$1.43, with analysts from TD Securities raising the price target to C$1.50 and maintaining a "buy" rating.
• Faraday Copper Corp. is primarily focused on its flagship Copper Creek Project in Arizona, with a market cap of C$358.29 million and a P/E ratio of -11.92.

Faraday Copper Corp. (TSE:FDY - Get Free Report) Director Thomas Bissig sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of C$1.37, for a total transaction of C$10,960.00. Following the completion of the sale, the director owned 3,400 shares of the company's stock, valued at approximately C$4,658. This trade represents a 70.18% decrease in their ownership of the stock.

Faraday Copper Trading Up 1.4%

Shares of TSE:FDY traded up C$0.02 on Monday, hitting C$1.45. 194,552 shares of the company were exchanged, compared to its average volume of 231,993. Faraday Copper Corp. has a 1-year low of C$0.66 and a 1-year high of C$1.45. The stock's 50 day moving average price is C$1.25 and its 200 day moving average price is C$0.98. The firm has a market capitalization of C$363.30 million, a P/E ratio of -12.08 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on shares of Faraday Copper from C$1.25 to C$1.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$1.50.

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.