Faraday Copper (TSE:FDY) Shares Down 1.3% - Should You Sell?

Faraday Copper Corp. (TSE:FDY - Get Free Report) shares dropped 1.3% during mid-day trading on Monday . The company traded as low as C$0.78 and last traded at C$0.79. Approximately 27,733 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 117,378 shares. The stock had previously closed at C$0.80.

Wall Street Analyst Weigh In

Separately, TD Securities set a C$1.25 price objective on shares of Faraday Copper and gave the company a "buy" rating in a research note on Tuesday, April 29th.

Faraday Copper Stock Performance

The business has a fifty day moving average of C$0.80 and a two-hundred day moving average of C$0.78. The firm has a market cap of C$160.10 million, a price-to-earnings ratio of -7.79 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.