Faraday Copper Corp. (OTCMKTS:CPPKF – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 12,800 shares, an increase of 13.3% from the October 15th total of 11,300 shares. Based on an average daily volume of 23,700 shares, the short-interest ratio is currently 0.5 days.
Faraday Copper Price Performance
Shares of Faraday Copper stock opened at $0.44 on Friday. The business has a fifty day moving average price of $0.47. Faraday Copper has a fifty-two week low of $0.23 and a fifty-two week high of $0.87.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CPPKF. Stifel Nicolaus began coverage on shares of Faraday Copper in a research report on Wednesday, August 30th. They set a “buy” rating for the company. TD Securities began coverage on shares of Faraday Copper in a research report on Thursday, September 7th. They set a “buy” rating for the company.
About Faraday Copper
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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