Phoenix Global Resources (LON:PGR) Stock Price Passes Below 200 Day Moving Average of $5.40

Phoenix Global Resources plc (LON:PGRGet Rating)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 5.40 ($0.07) and traded as low as GBX 5 ($0.06). Phoenix Global Resources shares last traded at GBX 6.50 ($0.08), with a volume of 52,946 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Phoenix Global Resources in a research report on Wednesday, June 29th.

Phoenix Global Resources Stock Performance

The company’s 50-day moving average is GBX 6.65 and its two-hundred day moving average is GBX 5.40. The company has a market capitalization of £181.13 million and a P/E ratio of -8.13. The company has a quick ratio of 0.21, a current ratio of 0.28 and a debt-to-equity ratio of 38,240.11.

Phoenix Global Resources Company Profile

(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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