Phoenix Copper (LON:PXC) Trading Down 12.5% – Here’s Why

Phoenix Copper Limited (LON:PXCGet Free Report)’s stock price dropped 12.5% on Monday . The stock traded as low as GBX 4.20 ($0.05) and last traded at GBX 4.20 ($0.05). Approximately 258,812 shares traded hands during trading, a decline of 53% from the average daily volume of 547,007 shares. The stock had previously closed at GBX 4.80 ($0.06).

Phoenix Copper Trading Up 2.5 %

The firm has a 50-day moving average price of GBX 5.38 and a 200-day moving average price of GBX 10.81. The company has a debt-to-equity ratio of 14.05, a quick ratio of 13.42 and a current ratio of 4.84. The stock has a market cap of £7.81 million, a PE ratio of -423.00 and a beta of 1.75.

About Phoenix Copper

(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.

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