Phoenix Copper (LON:PXC) Stock Price Up 13.6% – Here’s Why

Phoenix Copper Limited (LON:PXC)’s share price rose 13.6% during mid-day 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 were traded during mid-day 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 Trading Up 13.6 %

The stock has a market cap of £9.28 million, a P/E ratio of -3.78 and a beta of 1.75. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.65 and a quick ratio of 13.42. The firm’s 50 day moving average price is GBX 4.09 and its 200-day moving average price is GBX 6.84.

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.