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Faraday Copper (TSE:FDY) Reaches New 1-Year High - Should You Buy?

Faraday Copper logo with Basic Materials background

Faraday Copper Corp. (TSE:FDY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as C$1.28 and last traded at C$1.25, with a volume of 728490 shares. The stock had previously closed at C$1.19.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on Faraday Copper

Faraday Copper Trading Down 6.2%

The stock's fifty day moving average is C$0.87 and its two-hundred day moving average is C$0.81. The firm has a market cap of C$247.25 million, a P/E ratio of -12.02 and a beta of 1.62.

Faraday Copper Company Profile

(Get Free Report)

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.

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