Shares of Phoenix Copper Limited (LON:PXC – Get Free Report) shot up 45.9% during mid-day trading on Thursday . The company traded as high as GBX 6.50 ($0.09) and last traded at GBX 5.40 ($0.07). 5,570,260 shares changed hands during trading, an increase of 460% from the average session volume of 994,131 shares. The stock had previously closed at GBX 3.70 ($0.05).
Phoenix Copper Price Performance
The stock’s 50-day moving average price is GBX 3.99 and its 200-day moving average price is GBX 4.42. The company has a market capitalization of £10.02 million, a price-to-earnings ratio of -4.08 and a beta of 1.75. The company has a quick ratio of 13.42, a current ratio of 0.65 and a debt-to-equity ratio of 5.51.
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.
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