Shares of Phoenix Copper Limited (LON:PXC – Get Free Report) rose 9.3% on Wednesday . The company traded as high as GBX 1.30 and last traded at GBX 1.20. Approximately 3,000,445 shares changed hands during trading, an increase of 12% from the average daily volume of 2,687,337 shares. The stock had previously closed at GBX 1.10.
Phoenix Copper Trading Up 5.0%
The stock has a market capitalization of £3.76 million, a price-to-earnings ratio of -0.38 and a beta of 0.39. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.55 and a quick ratio of 13.42. The business’s 50-day simple moving average is GBX 1.12 and its two-hundred day simple moving average is GBX 1.81.
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.
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