Phoenix Copper (LON:PXC) Trading Up 3% – Still a Buy?

Phoenix Copper Limited (LON:PXC) shot up 3% on Monday . The stock traded as high as GBX 1.10 and last traded at GBX 1.03. 597,774 shares traded hands during trading, a decline of 82% from the average session volume of 3,333,212 shares. The stock had previously closed at GBX 1.

Phoenix Copper Stock Up 10.0%

The company has a market cap of £3.17 million, a PE ratio of -0.33 and a beta of 0.42. The company has a fifty day moving average of GBX 1.53 and a two-hundred day moving average of GBX 2.29. The company has a debt-to-equity ratio of 12.96, a quick ratio of 13.42 and a current ratio of 1.55.

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.