Faraday Copper (TSE:FDY) Trading 1.3% Higher - Here's Why

Faraday Copper Corp. (TSE:FDY - Get Free Report)'s share price rose 1.3% during mid-day trading on Thursday . The company traded as high as C$0.77 and last traded at C$0.76. Approximately 40,236 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 124,849 shares. The stock had previously closed at C$0.75.

Analyst Upgrades and Downgrades

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

Faraday Copper Price Performance

The firm's fifty day moving average price is C$0.80 and its 200-day moving average price is C$0.79. The company has a market capitalization of C$154.02 million, a price-to-earnings ratio of -7.49 and a beta of 1.62.

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.