Faraday Copper (TSE:FDY) Sets New 1-Year High at $0.87

Faraday Copper Corp. (TSE:FDY)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$0.87 and last traded at C$0.86, with a volume of 16754 shares changing hands. The stock had previously closed at C$0.85.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a C$1.00 price objective on shares of Faraday Copper and gave the stock an “outperform” rating in a report on Monday, June 17th.

Faraday Copper Price Performance

The stock’s 50-day moving average is C$0.78 and its two-hundred day moving average is C$0.75. The company has a market cap of C$176.59 million, a P/E ratio of -8.60 and a beta of 1.62.

Faraday Copper (TSE:FDY) last released its earnings results on Thursday, August 1st. The company reported C($0.03) earnings per share (EPS) for the quarter.

Faraday Copper Company Profile

Faraday Copper Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States. The company holds a 100% interest in the Copper Creek project comprising private land, patented and un-patented mining claims, and state prospecting permits that covers an area of approximately 65 square kilometers located in Pinal County, Arizona.