Faraday Copper (TSE:FDY) Trading Down 1.2%

Faraday Copper Corp. (TSE:FDY - Get Free Report) was down 1.2% during mid-day trading on Tuesday . The stock traded as low as C$0.78 and last traded at C$0.80. Approximately 24,340 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 122,187 shares. The stock had previously closed at C$0.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FDY. TD Securities set a C$1.25 price objective on shares of Faraday Copper and gave the stock a "buy" rating in a research note on Friday, May 31st. BMO Capital Markets set a C$1.00 price target on Faraday Copper and gave the stock an "outperform" rating in a research report on Monday, June 17th.

Faraday Copper Price Performance

The firm has a market cap of C$139.51 million, a PE ratio of -6.67 and a beta of 1.63. The stock has a 50-day moving average price of C$0.78 and a 200 day moving average price of C$0.65.

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.