Phoenix Copper (LON:PXC) Trading Down 9.5% – Here’s Why

Phoenix Copper Limited (LON:PXC) was down 9.5% during trading on Monday . The stock traded as low as GBX 4.50 ($0.06) and last traded at GBX 4.98 ($0.06). Approximately 20,686 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 307,156 shares. The stock had previously closed at GBX 5.50 ($0.07).

Phoenix Copper Stock Down 5.8 %

The stock has a fifty day simple moving average of GBX 5.63 and a two-hundred day simple moving average of GBX 11.92. The firm has a market cap of £7.82 million, a PE ratio of -424.00 and a beta of 1.75. The company has a current ratio of 4.84, a quick ratio of 13.42 and a debt-to-equity ratio of 14.05.

Phoenix Copper Company Profile

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.