Phoenix Copper (LON:PXC) Stock Price Down 10% – Here’s Why

Phoenix Copper Limited (LON:PXCGet Free Report) was down 10% on Monday . The company traded as low as GBX 4.50 ($0.05) and last traded at GBX 4.50 ($0.05). Approximately 169,601 shares changed hands during trading, a decline of 60% from the average daily volume of 423,491 shares. The stock had previously closed at GBX 5 ($0.06).

Phoenix Copper Trading Down 4.4 %

The stock has a market cap of £8.82 million, a price-to-earnings ratio of -477.80 and a beta of 1.75. The business has a 50-day simple moving average of GBX 5.89 and a two-hundred day simple moving average of GBX 12.34. The company has a debt-to-equity ratio of 14.05, a current ratio of 4.84 and a quick ratio of 13.42.

Phoenix Copper Company Profile

(Get Free Report)

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.

Further Reading

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