Phoenix Copper Limited (LON:PXC – Get Free Report) shares were up 8.3% during mid-day trading on Thursday . The stock traded as high as GBX 1.30 and last traded at GBX 1.30. Approximately 886,561 shares traded hands during trading, a decline of 66% from the average daily volume of 2,571,185 shares. The stock had previously closed at GBX 1.20.
Phoenix Copper Price Performance
The company has a 50 day moving average of GBX 1.12 and a 200-day moving average of GBX 1.77. The stock has a market capitalization of £3.29 million, a P/E ratio of -0.33 and a beta of 0.39. The company has a quick ratio of 13.42, a current ratio of 1.55 and a debt-to-equity ratio of 12.96.
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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