Phoenix Copper Limited (LON:PXC – Get Free Report)’s share price was down 4% during mid-day trading on Thursday . The company traded as low as GBX 0.55 and last traded at GBX 0.60. Approximately 26,724,176 shares traded hands during trading, an increase of 426% from the average session volume of 5,081,850 shares. The stock had previously closed at GBX 0.62.
Phoenix Copper Stock Down 4.0%
The company has a market cap of £1.79 million, a P/E ratio of -0.31 and a beta of 0.35. The company has a current ratio of 0.19, a quick ratio of 13.42 and a debt-to-equity ratio of 17.29. The firm’s 50 day moving average price is GBX 0.76 and its 200-day moving average price is GBX 1.09.
About Phoenix Copper
Phoenix Copper Limited is a North American focused, base and precious metal explorer and developer, with operations near Mackay, Idaho in the Alder Creek mining district. This district includes the historical Empire, Horseshoe, White Knob and Blue Bird Mines, which produced copper at head grades of 6-8% prior to ceasing production in the 1940s. The focus of Phoenix is on bringing an open pit containing copper oxides at empire into production, and using the cashflow generated to progress exploration of the potentially significant copper sulphide deposit beneath.
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