Phoenix Copper (LON:PXC) Stock Price Down 4.7% – Should You Sell?

Phoenix Copper Limited (LON:PXC) shares were down 4.7% on Friday. The company traded as low as GBX 0.50 and last traded at GBX 0.52. 1,159,440 shares were traded during trading, a decline of 79% from the average session volume of 5,481,745 shares. The stock had previously closed at GBX 0.55.

Phoenix Copper Trading Down 4.7%

The firm has a market capitalization of £4.35 million, a PE ratio of -0.26 and a beta of 0.33. The company has a debt-to-equity ratio of 16.31, a current ratio of 0.03 and a quick ratio of 13.42. The business’s 50-day moving average price is GBX 0.59 and its 200-day moving average price is GBX 0.82.

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.