Phoenix Copper (LON:PXC) Trading Down 8.6% – Here’s Why

Phoenix Copper Limited (LON:PXC) was down 8.6% during mid-day trading on Tuesday . The stock traded as low as GBX 5.03 ($0.06) and last traded at GBX 5.03 ($0.06). Approximately 168,927 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 265,797 shares. The stock had previously closed at GBX 5.50 ($0.07).

Phoenix Copper Price Performance

The company has a debt-to-equity ratio of 14.05, a quick ratio of 13.42 and a current ratio of 4.84. The stock has a 50 day moving average of GBX 6.30 and a 200-day moving average of GBX 13.06. The company has a market cap of £9.27 million, a PE ratio of -502.50 and a beta of 1.75.

Phoenix Copper Company Profile

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.