Phoenix Copper (LON:PXC) Shares Down 4% – Should You Sell?

Phoenix Copper Limited (LON:PXCGet Free Report)’s share price dropped 4% on Friday . The stock traded as low as GBX 3 ($0.04) and last traded at GBX 3 ($0.04). Approximately 455,527 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 578,171 shares. The stock had previously closed at GBX 3.13 ($0.04).

Phoenix Copper Trading Down 8.8 %

The company has a debt-to-equity ratio of 5.51, a quick ratio of 13.42 and a current ratio of 0.65. The company has a 50 day moving average of GBX 4.59 and a two-hundred day moving average of GBX 8.76. The stock has a market cap of £6.13 million, a PE ratio of -2.50 and a beta of 1.75.

About Phoenix Copper

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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.

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