Phoenix Copper Limited (LON:PXC – Get Free Report)’s share price shot up 14.5% during mid-day trading on Monday. The company traded as high as GBX 0.60 and last traded at GBX 0.60. Approximately 1,268,655 shares traded hands during trading, a decline of 77% from the average daily volume of 5,460,785 shares. The stock had previously closed at GBX 0.52.
Phoenix Copper Trading Down 2.7%
The firm has a fifty day simple moving average of GBX 0.59 and a 200-day simple moving average of GBX 0.81. The company has a debt-to-equity ratio of 16.31, a current ratio of 0.03 and a quick ratio of 13.42. The firm has a market cap of £4.44 million, a P/E ratio of -0.26 and a beta of 0.33.
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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