Phoenix Copper (LON:PXC) Stock Price Up 18.2% – Still a Buy?

Phoenix Copper Limited (LON:PXC) shares shot up 18.2% during mid-day trading on Thursday . The company traded as high as GBX 0.65 and last traded at GBX 0.65. 2,823,291 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 5,542,852 shares. The stock had previously closed at GBX 0.55.

Phoenix Copper Stock Up 18.2%

The company has a market capitalization of £1.94 million, a P/E ratio of -0.34 and a beta of 0.35. The company has a 50-day moving average of GBX 0.65 and a two-hundred day moving average of GBX 0.97. The company has a quick ratio of 13.42, a current ratio of 0.19 and a debt-to-equity ratio of 17.29.

Phoenix Copper Company Profile

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.