Phoenix Copper Limited (LON:PXC – Get Free Report)’s stock price fell 12.3% on Wednesday . The stock traded as low as GBX 0.38 and last traded at GBX 0.39. Approximately 8,219,996 shares traded hands during trading, an increase of 165% from the average session volume of 3,097,356 shares. The stock had previously closed at GBX 0.44.
Phoenix Copper Trading Down 12.3%
The company has a market capitalization of £1.15 million, a price-to-earnings ratio of -0.20 and a beta of 0.35. The company has a debt-to-equity ratio of 17.29, a quick ratio of 13.42 and a current ratio of 0.19. The business’s 50-day simple moving average is GBX 0.92 and its 200-day simple moving average is GBX 1.28.
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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