Phoenix Copper Limited (LON:PXC – Get Free Report) shares traded up 14.5% on Monday. The stock traded as high as GBX 0.60 and last traded at GBX 0.60. Approximately 1,268,655 shares were traded during mid-day trading, a decline of 77% from the average session volume of 5,460,785 shares. The stock had previously closed at GBX 0.52.
Phoenix Copper Stock Up 14.5%
The stock has a market capitalization of £4.98 million, a PE ratio of -0.30 and a beta of 0.33. The company has a current ratio of 0.03, a quick ratio of 13.42 and a debt-to-equity ratio of 16.31. The company’s 50-day moving average is GBX 0.59 and its 200 day moving average is GBX 0.82.
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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