Faraday Copper (OTCMKTS:CPPKF) Stock Price Up 3.8% – Still a Buy?

Faraday Copper Corp. (OTCMKTS:CPPKF)’s stock price rose 3.8% during mid-day trading on Friday . The stock traded as high as $2.49 and last traded at $2.49. Approximately 17,296 shares changed hands during trading, a decline of 71% from the average daily volume of 59,993 shares. The stock had previously closed at $2.3980.

Wall Street Analysts Forecast Growth

CPPKF has been the topic of several recent analyst reports. TD Securities reaffirmed a “buy” rating on shares of Faraday Copper in a report on Tuesday, October 21st. BMO Capital Markets restated an “outperform” rating on shares of Faraday Copper in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Faraday Copper presently has a consensus rating of “Buy”.

Faraday Copper Stock Performance

The stock has a 50-day simple moving average of $2.07 and a two-hundred day simple moving average of $1.49.

About Faraday Copper

Faraday Copper Corp is a Canada‐based mineral exploration and development company focused on advancing copper‐gold porphyry projects in Chile. The company’s flagship asset is the El Alcaparrosa copper‐gold deposit, located in the Maricunga mineral belt of northern Chile. Faraday Copper holds mining concessions that cover a combined area of approximately 9,000 hectares, positioning it to explore, define and develop resources to support future mine studies and potential production.

The company’s technical activities include systematic drilling campaigns, metallurgical testing and environmental baseline studies.