Phoenix Global Resources (LON:PGR) Stock Price Crosses Below Two Hundred Day Moving Average of $5.40

Phoenix Global Resources plc (LON:PGRGet Rating)’s share 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 changing hands.

Analysts Set New Price Targets

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

Phoenix Global Resources Stock Performance

The firm has a market cap of £181.13 million and a price-to-earnings ratio of -8.13. The stock has a 50 day moving average of GBX 6.66 and a 200 day moving average of GBX 5.42. 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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