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

Shares of Phoenix Global Resources plc (LON:PGR) rose 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). Approximately 52,946 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 175,950 shares. The stock had previously closed at GBX 6.25 ($0.08).

Phoenix Global Resources Stock Up 4.0 %

The firm has a 50 day moving average price of GBX 6.50 and a 200-day moving average price of GBX 6.50. The company has a current ratio of 0.28, a quick ratio of 0.21 and a debt-to-equity ratio of 38,240.11. The firm has a market cap 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.