Phoenix Copper (LON:PXC) Trading 13.6% Higher – Time to Buy?

Phoenix Copper Limited (LON:PXCGet Free Report)’s share price was up 13.6% during trading on Monday . The stock traded as high as GBX 4.50 ($0.06) and last traded at GBX 4.32 ($0.06). Approximately 172,985 shares changed hands during trading, a decline of 79% from the average daily volume of 823,016 shares. The stock had previously closed at GBX 3.80 ($0.05).

Phoenix Copper Stock Performance

The company has a current ratio of 0.65, a quick ratio of 13.42 and a debt-to-equity ratio of 5.51. The stock has a 50 day moving average price of GBX 4.08 and a two-hundred day moving average price of GBX 6.68. The company has a market cap of £8.68 million, a price-to-earnings ratio of -3.54 and a beta of 1.75.

About Phoenix Copper

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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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