Phoenix Copper (LON:PXC) Shares Down 12% – Here’s What Happened

Phoenix Copper Limited (LON:PXCGet Free Report)’s share price dropped 12% during mid-day trading on Monday . The stock traded as low as GBX 4.80 ($0.06) and last traded at GBX 4.82 ($0.06). Approximately 920,908 shares were traded during trading, a decline of 12% from the average daily volume of 1,045,597 shares. The stock had previously closed at GBX 5.47 ($0.07).

Phoenix Copper Trading Down 9.3 %

The business’s 50 day simple moving average is GBX 6.79 and its 200 day simple moving average is GBX 13.84. The company has a debt-to-equity ratio of 14.05, a current ratio of 4.84 and a quick ratio of 13.42. The company has a market capitalization of £9.15 million, a price-to-earnings ratio of -496.00 and a beta of 1.75.

Phoenix Copper Company Profile

(Get Free Report)

Phoenix Copper Limited, together with its subsidiaries, engages in the exploration and mining activities for precious and base metals primarily in North America. The company explores for copper, zinc, gold, lead, tungsten, cobalt, and silver deposits. Its flagship project is the 80% owned Empire Mine property located in Mackay, Idaho, USA.

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