Phoenix Copper (LON:PXC) Stock Price Down 14.3% – Should You Sell?

Phoenix Copper Limited (LON:PXC)’s share price traded down 14.3% during trading on Friday . The company traded as low as GBX 2.20 and last traded at GBX 2.49. 4,879,292 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 2,973,007 shares. The stock had previously closed at GBX 2.90.

Phoenix Copper Stock Performance

The stock has a 50 day moving average price of GBX 2.52 and a two-hundred day moving average price of GBX 2.99. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.65 and a quick ratio of 13.42. The company has a market capitalization of £6.28 million, a price-to-earnings ratio of -0.79 and a beta of 1.75.

Insider Activity at Phoenix Copper

In related news, insider Richard Wilkins bought 550,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was bought at an average cost of GBX 2 per share, with a total value of £11,000. Also, insider Ryan McDermott bought 550,000 shares of Phoenix Copper stock in a transaction dated Thursday, December 11th. The shares were bought at an average price of GBX 2 per share, for a total transaction of £11,000. Over the last 90 days, insiders have bought 3,520,719 shares of company stock worth $7,041,438. 2.29% of the stock is owned by insiders.

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.