Phoenix Copper Limited (LON:PXC – Get Free Report)’s share price dropped 3.7% during mid-day trading on Friday. The company traded as low as GBX 0.60 and last traded at GBX 0.65. Approximately 18,194,816 shares changed hands during mid-day trading, an increase of 220% from the average session volume of 5,683,193 shares. The stock had previously closed at GBX 0.68.
Phoenix Copper Price Performance
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 market cap of £5.47 million, a P/E ratio of -0.34 and a beta of 0.33. The business’s 50-day simple moving average is GBX 0.54 and its two-hundred day simple moving average is GBX 0.89.
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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