Phoenix Copper (LON:PXC) Trading Down 9.5% – Here’s What Happened

Phoenix Copper Limited (LON:PXC)’s share price traded down 9.5% on Monday . The company traded as low as GBX 4.50 ($0.05) and last traded at GBX 4.98 ($0.06). 20,686 shares traded hands during trading, a decline of 93% from the average session volume of 307,156 shares. The stock had previously closed at GBX 5.50 ($0.07).

Phoenix Copper Price Performance

The company’s 50-day moving average is GBX 5.71 and its 200-day moving average is GBX 12.02. The firm has a market capitalization of £9.19 million, a price-to-earnings ratio of -498.00 and a beta of 1.75. 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

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.