Faraday Copper Corp. (OTCMKTS:CPPKF) Short Interest Update

Faraday Copper Corp. (OTCMKTS:CPPKF) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 955,675 shares, an increase of 76.3% from the June 15th total of 542,030 shares. Based on an average daily volume of 128,236 shares, the days-to-cover ratio is presently 7.5 days.

Analyst Ratings Changes

Separately, Raymond James Financial initiated coverage on Faraday Copper in a report on Thursday, June 4th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Faraday Copper Stock Down 3.9%

Shares of Faraday Copper stock opened at $3.73 on Friday. The firm’s fifty day simple moving average is $4.14 and its 200-day simple moving average is $3.33. Faraday Copper has a 12 month low of $0.75 and a 12 month high of $4.83.

Faraday Copper Company Profile

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.