Faraday Copper (TSE:FDY) Shares Down 6.7%

Faraday Copper Corp. (TSE:FDY) was down 6.7% during trading on Wednesday . The stock traded as low as C$0.70 and last traded at C$0.70. Approximately 97,279 shares traded hands during trading, an increase of 22% from the average daily volume of 79,885 shares. The stock had previously closed at C$0.75.

Wall Street Analyst Weigh In

Several research analysts recently commented on FDY shares. Canaccord Genuity Group reduced their price objective on shares of Faraday Copper from C$1.50 to C$1.25 and set a “buy” rating for the company in a research note on Friday, January 12th. TD Securities reduced their price objective on shares of Faraday Copper from C$1.25 to C$1.15 and set a “speculative buy” rating for the company in a research note on Friday, February 23rd.

Faraday Copper Trading Down 6.7 %

The firm’s fifty day moving average price is C$0.61 and its 200 day moving average price is C$0.59. The firm has a market capitalization of C$123.61 million, a PE ratio of -5.83 and a beta of 1.59.

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.