Phoenix Global Resources (LON:PGR) Stock Price Passes Above 50-Day Moving Average of $6.56

Phoenix Global Resources plc (LON:PGRGet 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

(Get Rating)

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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