Phoenix Copper (LON:PXC) Trading Down 4.3% – Time to Sell?

Phoenix Copper Limited (LON:PXCGet Free Report) traded down 4.3% during mid-day trading on Friday . The company traded as low as GBX 0.50 and last traded at GBX 0.55. 6,479,323 shares changed hands during trading, an increase of 20% from the average session volume of 5,392,891 shares. The stock had previously closed at GBX 0.57.

Phoenix Copper Stock Performance

The firm has a market cap of £4.54 million, a price-to-earnings ratio of -0.28 and a beta of 0.35. The company has a quick ratio of 13.42, a current ratio of 0.19 and a debt-to-equity ratio of 17.29. The company has a 50 day moving average of GBX 0.54 and a 200 day moving average of GBX 0.93.

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. 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.

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