Shares of Phoenix Copper Limited (LON:PXC – Get Free Report) dropped 10% on Monday . The stock traded as low as GBX 0.43 and last traded at GBX 0.45. Approximately 1,968,484 shares changed hands during trading, a decline of 18% from the average session volume of 2,387,959 shares. The stock had previously closed at GBX 0.50.
Phoenix Copper Stock Down 5.4%
The firm’s fifty day simple moving average is GBX 1.07 and its two-hundred day simple moving average is GBX 1.46. The company has a current ratio of 0.19, a quick ratio of 13.42 and a debt-to-equity ratio of 17.29. The company has a market capitalization of £1.31 million, a price-to-earnings ratio of -0.23 and a beta of 0.35.
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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