Phoenix Copper (LON:PXC) Trading 22.2% Higher – Here’s What Happened

Phoenix Copper Limited (LON:PXCGet Free Report) shares rose 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 were traded 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 Price Performance

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 capitalization of £9.23 million, a P/E ratio of -500.00 and a beta of 1.75. The firm has a 50-day moving average price of GBX 5.57 and a 200 day moving average price of GBX 11.81.

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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