Faraday Copper (TSE:FDY) Stock Price Up 1.9% - Time to Buy?

Faraday Copper Corp. (TSE:FDY - Get Free Report)'s stock price rose 1.9% during mid-day trading on Wednesday . The company traded as high as C$1.10 and last traded at C$1.09. Approximately 492,139 shares were traded during trading, an increase of 238% from the average daily volume of 145,810 shares. The stock had previously closed at C$1.07.

Analyst Upgrades and Downgrades

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

Faraday Copper Stock Down 4.2%

The firm has a market cap of C$231.03 million, a price-to-earnings ratio of -11.24 and a beta of 1.62. The company's 50-day moving average price is C$0.84 and its 200-day moving average price is C$0.80.

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.