Phoenix Copper (LON:PXC) Stock Price Down 5.8% – Should You Sell?

Phoenix Copper Limited (LON:PXC)’s stock price fell 5.8% during mid-day trading on Wednesday . The stock traded as low as GBX 3.22 and last traded at GBX 3.39. 3,133,063 shares traded hands during mid-day trading, an increase of 80% from the average session volume of 1,738,930 shares. The stock had previously closed at GBX 3.60.

Phoenix Copper Stock Down 16.7%

The stock has a market cap of £7.24 million, a price-to-earnings ratio of -0.91 and a beta of 1.75. The stock has a 50 day simple moving average of GBX 2.48 and a 200 day simple moving average of GBX 3.16. The company has a quick ratio of 13.42, a current ratio of 0.65 and a debt-to-equity ratio of 5.51.

Insider Buying and Selling at Phoenix Copper

In other Phoenix Copper news, insider Ryan McDermott acquired 550,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of GBX 2 per share, with a total value of £11,000. Also, insider Catherine Evans acquired 1,420,719 shares of Phoenix Copper stock in a transaction dated Thursday, December 11th. The shares were acquired at an average price of GBX 2 per share, with a total value of £28,414.38. In the last quarter, insiders acquired 3,520,719 shares of company stock worth $7,041,438. 2.29% of the stock is owned by company insiders.

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. 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.