Phoenix Copper Limited (LON:PXC – Get Free Report)’s share price shot up 14.5% during mid-day trading on Monday. The stock traded as high as GBX 0.60 and last traded at GBX 0.60. 1,268,655 shares changed 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 Price Performance
The stock has a market capitalization of £4.98 million, a price-to-earnings ratio of -0.30 and a beta of 0.33. The company has a quick ratio of 13.42, a current ratio of 0.03 and a debt-to-equity ratio of 16.31. The stock has a fifty day moving average of GBX 0.59 and a 200-day moving average of GBX 0.82.
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.
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