Phoenix Copper (LON:PXC) Shares Down 8.2% – Here’s Why

Phoenix Copper Limited (LON:PXCGet Free Report) traded down 8.2% during trading on Thursday . The company traded as low as GBX 3.50 ($0.05) and last traded at GBX 3.90 ($0.05). 913,384 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 1,019,258 shares. The stock had previously closed at GBX 4.25 ($0.06).

Phoenix Copper Price Performance

The firm has a market capitalization of £8.60 million, a P/E ratio of -3.50 and a beta of 1.75. The business’s fifty day moving average is GBX 4.03 and its 200 day moving average is GBX 4.87. The company has a current ratio of 0.65, a quick ratio of 13.42 and a debt-to-equity ratio of 5.51.

Phoenix Copper Company Profile

(Get Free Report)

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.

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