Phoenix Copper (LON:PXC) Shares Down 6.7% – What’s Next?

Shares of Phoenix Copper Limited (LON:PXC) dropped 6.7% during mid-day trading on Tuesday . The company traded as low as GBX 1.12 and last traded at GBX 1.12. Approximately 542,366 shares traded hands during trading, a decline of 80% from the average daily volume of 2,762,591 shares. The stock had previously closed at GBX 1.20.

Phoenix Copper Stock Up 4.8%

The stock has a market capitalization of £3.29 million, a P/E ratio of -0.33 and a beta of 0.39. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.55 and a quick ratio of 13.42. The stock has a fifty day moving average price of GBX 1.11 and a 200 day moving average price of GBX 1.88.

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.