Faraday Copper (TSE:FDY) Reaches New 1-Year High - Time to Buy?

Faraday Copper Corp. (TSE:FDY - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$1.13 and last traded at C$1.11, with a volume of 481949 shares traded. The stock had previously closed at C$1.03.

Analyst Ratings Changes

Separately, TD Securities set a C$1.25 target price on Faraday Copper and gave the stock a "buy" rating in a report on Tuesday, April 29th.

Faraday Copper Price Performance

The stock has a 50-day simple moving average of C$0.82 and a 200-day simple moving average of C$0.79. The stock has a market cap of C$216.85 million, a P/E ratio of -10.55 and a beta of 1.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.