Phoenix Copper (LON:PXC) Trading Up 22.2% – Still a Buy?

Phoenix Copper Limited (LON:PXCGet Free Report) shares were up 22.2% during mid-day trading on Wednesday . The company traded as high as GBX 5.50 ($0.07) and last traded at GBX 5.50 ($0.07). Approximately 660,324 shares traded hands during trading, an increase of 52% from the average daily volume of 434,927 shares. The stock had previously closed at GBX 4.50 ($0.06).

Phoenix Copper Trading Down 4.0 %

The firm has a market capitalization of £8.42 million, a price-to-earnings ratio of -456.00 and a beta of 1.75. The company has a debt-to-equity ratio of 14.05, a current ratio of 4.84 and a quick ratio of 13.42. The business’s 50-day moving average price is GBX 5.51 and its 200 day moving average price is GBX 11.65.

Phoenix Copper Company Profile

(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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