Phoenix Copper Limited (LON:PXC – Get Free Report) rose 21.7% on Friday . The stock traded as high as GBX 0.75 and last traded at GBX 0.70. 43,839,754 shares were traded during trading, an increase of 733% from the average daily volume of 5,265,915 shares. The stock had previously closed at GBX 0.57.
Phoenix Copper Stock Up 21.7%
The company has a market cap of £2.09 million, a price-to-earnings ratio of -0.36 and a beta of 0.35. The business has a 50-day simple moving average of GBX 0.74 and a two-hundred day simple moving average of GBX 1.08. The company has a quick ratio of 13.42, a current ratio of 0.19 and a debt-to-equity ratio of 17.29.
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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