Phoenix Global Resources plc (LON:PGR – Get Rating) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 6.56 ($0.08) and traded as high as GBX 7.50 ($0.09). Phoenix Global Resources shares last traded at GBX 6.25 ($0.08), with a volume of 98,859 shares.
Analysts Set New Price Targets
Separately, Shore Capital reissued a “house stock” rating on shares of Phoenix Global Resources in a research report on Wednesday, June 29th.
Phoenix Global Resources Trading Up 13.6 %
The company has a debt-to-equity ratio of 38,240.11, a quick ratio of 0.21 and a current ratio of 0.28. The stock’s 50-day simple moving average is GBX 6.56 and its 200-day simple moving average is GBX 5.33. The firm has a market capitalization of £174.16 million and a PE ratio of -7.81.
About Phoenix Global Resources
Phoenix Global Resources plc engages in the exploration, development, and production of oil and gas in Argentina. It has interests in 11 operated assets and 4 non-operated assets in the Neuquén basin; two operated assets in the Cuyana basin; and three non-operated assets in the Austral basin. The company is based in London, the United Kingdom.
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