Phoenix Global Resources (LON:PGR) Trading Up 4% – Here’s Why

Phoenix Global Resources plc (LON:PGR)’s stock price traded up 4% during mid-day trading on Thursday . The company traded as high as GBX 7 ($0.09) and last traded at GBX 6.50 ($0.08). 52,946 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 175,950 shares. The stock had previously closed at GBX 6.25 ($0.08).

Phoenix Global Resources Trading Up 4.0 %

The business’s fifty day moving average price is GBX 6.50 and its 200 day moving average price is GBX 6.50. The company has a quick ratio of 0.21, a current ratio of 0.28 and a debt-to-equity ratio of 38,240.11. The firm has a market capitalization of £181.13 million and a PE ratio of -8.13.

About Phoenix Global Resources

Phoenix Global Resources plc engages in the exploration, development, and production of oil and gas in Argentina. It has interests in 11 operated assets and 4 non-operated assets in the Neuquén basin; two operated assets in the Cuyana basin; and three non-operated assets in the Austral basin. The company is based in London, the United Kingdom.