Phoenix Copper (LON:PXC) Stock Price Down 5.7% – Time to Sell?

Shares of Phoenix Copper Limited (LON:PXC) traded down 5.7% on Thursday . The company traded as low as GBX 1.10 and last traded at GBX 1.18. 1,537,254 shares were traded during trading, a decline of 65% from the average session volume of 4,332,054 shares. The stock had previously closed at GBX 1.25.

Phoenix Copper Price Performance

The stock has a market capitalization of £3.27 million, a price-to-earnings ratio of -0.34 and a beta of 1.75. The company has a current ratio of 0.65, a quick ratio of 13.42 and a debt-to-equity ratio of 5.51. The stock has a 50-day simple moving average of GBX 2.24 and a 200 day simple moving average of GBX 2.57.

Insider Activity at Phoenix Copper

In related news, insider Richard Wilkins purchased 550,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were acquired at an average cost of GBX 2 per share, with a total value of £11,000. Also, insider Ryan McDermott acquired 550,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were purchased at an average price of GBX 2 per share, with a total value of £11,000. Insiders have purchased 3,520,719 shares of company stock worth $7,041,438 in the last quarter. 3.14% of the stock is owned by corporate insiders.

About Phoenix Copper

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. The focus of Phoenix is on bringing an open pit containing copper oxides at empire into production, and using the cashflow generated to progress exploration of the potentially significant copper sulphide deposit beneath.