Faraday Copper Corp. (TSE:FDY – Get Free Report) 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.
Read Our Latest Analysis on FDY
Faraday Copper Trading Down 6.7 %
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.
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