Faraday Copper (TSE:FDY) Shares Down 6.1% – Should You Sell?

Faraday Copper Corp. (TSE:FDY)’s share price was down 6.1% during mid-day trading on Thursday . The stock traded as low as C$3.60 and last traded at C$3.82. Approximately 1,910,667 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 895,977 shares. The stock had previously closed at C$4.07.

Analysts Set New Price Targets

Separately, TD Securities increased their price target on shares of Faraday Copper from C$3.50 to C$5.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Faraday Copper currently has an average rating of “Strong Buy” and a consensus target price of C$5.50.

Faraday Copper Trading Down 6.1%

The stock has a market capitalization of C$966.00 million, a PE ratio of -29.38 and a beta of 2.04. The stock has a 50 day moving average price of C$3.80 and a 200-day moving average price of C$2.62.

Faraday Copper (TSE:FDY) last posted its quarterly earnings data on Thursday, March 12th. The company reported C$0.21 EPS for the quarter. Faraday Copper had a negative return on equity of 63.51% and a negative net margin of 40,035.69%.

Faraday Copper Company Profile

Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol “FDY”.