Richard Wilkins Buys 550,000 Shares of Phoenix Copper (LON:PXC) Stock

Key Points

  • Insider purchase: Director Richard Wilkins bought 550,000 shares of Phoenix Copper on December 11 at an average price of GBX 2 per share, a transaction valued at £11,000.
  • Small-cap, volatile stock: Phoenix Copper has a market cap of £4.71 million, a 52-week range of GBX 1.75–7, a negative P/E (-0.59) and a beta of 1.75, with the share price trading below both its 50‑day (GBX 2.63) and 200‑day (GBX 3.30) moving averages.
  • Company profile: Phoenix Copper is a North American base and precious metals explorer/developer operating near Mackay, Idaho, in a district with historical mines that produced high copper head grades (6–8%) prior to the 1940s.

Phoenix Copper Limited (LON:PXC - Get Free Report) insider Richard Wilkins bought 550,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of GBX 2 per share, with a total value of £11,000.

Phoenix Copper Price Performance

PXC stock opened at GBX 1.95 on Friday. The business has a 50 day moving average price of GBX 2.63 and a 200 day moving average price of GBX 3.30. The company has a quick ratio of 13.42, a current ratio of 0.65 and a debt-to-equity ratio of 5.51. Phoenix Copper Limited has a fifty-two week low of GBX 1.75 and a fifty-two week high of GBX 7. The stock has a market cap of £4.71 million, a price-to-earnings ratio of -0.59 and a beta of 1.75.

Phoenix Copper Company Profile

(Get Free Report)

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.

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