Shares of Phoenix Copper Limited (LON:PXC – Get Free Report) traded up 8.3% on Thursday . The company traded as high as GBX 1.30 and last traded at GBX 1.30. 886,561 shares traded hands during trading, a decline of 66% from the average session volume of 2,571,185 shares. The stock had previously closed at GBX 1.20.
Phoenix Copper Price Performance
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 firm has a market cap of £3.29 million, a price-to-earnings ratio of -0.33 and a beta of 0.39. The business’s 50-day moving average price is GBX 1.12 and its two-hundred day moving average price is GBX 1.77.
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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