Phoenix Copper (LON:PXC) Shares Up 4.3% – Here’s What Happened

Phoenix Copper Limited (LON:PXC)’s share price shot up 4.3% on Monday . The company traded as high as GBX 3.80 ($0.05) and last traded at GBX 3.65 ($0.05). 183,521 shares were traded during mid-day trading, a decline of 68% from the average session volume of 570,414 shares. The stock had previously closed at GBX 3.50 ($0.04).

Phoenix Copper Stock Performance

The company has a debt-to-equity ratio of 5.51, a current ratio of 0.65 and a quick ratio of 13.42. The stock has a market capitalization of £7.85 million, a PE ratio of -3.20 and a beta of 1.75. The stock has a 50 day moving average of GBX 4.79 and a two-hundred day moving average of GBX 9.13.

Phoenix Copper Company Profile

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.