Faraday Copper (TSE:FDY) Stock Price Up 2.8% on Analyst Upgrade

Key Points

• Faraday Copper's stock price increased by 2.8% following an upgrade by TD Securities, which raised its price target from C$1.25 to C$1.50.
• The company's share trading volume surged by 112%, with approximately 356,318 shares traded during mid-day sessions.
• Faraday Copper focuses on advancing its Copper Creek Project in Arizona, which is a significant three-kilometer-long porphyry copper deposit.

Faraday Copper Corp. (TSE:FDY - )'s share price rose 2.8% on Thursday after TD Securities raised their price target on the stock from C$1.25 to C$1.50. TD Securities currently has a buy rating on the stock. Faraday Copper traded as high as C$1.11 and last traded at C$1.11. Approximately 356,318 shares were traded during mid-day trading, an increase of 112% from the average daily volume of 168,229 shares. The stock had previously closed at C$1.08.

Faraday Copper Stock Performance

The firm has a market cap of C$224.95 million, a price-to-earnings ratio of -10.94 and a beta of 1.62. The business has a fifty day moving average of C$0.95 and a two-hundred day moving average of C$0.85.

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.

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