Phoenix Copper (LON:PXC) Shares Down 3.6% – Time to Sell?

Phoenix Copper Limited (LON:PXC)’s share price dropped 3.6% during trading on Tuesday . The stock traded as low as GBX 2.41 and last traded at GBX 2.41. Approximately 2,398,122 shares changed hands during trading, an increase of 64% from the average daily volume of 1,458,603 shares. The stock had previously closed at GBX 2.50.

Phoenix Copper Price Performance

The stock has a market cap of £5.82 million, a PE ratio of -0.73 and a beta of 1.75. The company has a debt-to-equity ratio of 5.51, a quick ratio of 13.42 and a current ratio of 0.65. The business has a 50 day moving average price of GBX 2.82 and a two-hundred day moving average price of GBX 3.40.

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.