Phoenix Global Resources (LON:PGR) Shares Cross Above 50 Day Moving Average – Time to Sell?

Phoenix Global Resources plc (LON:PGRGet Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 6.50 ($0.08) and traded as high as GBX 7 ($0.09). Phoenix Global Resources shares last traded at GBX 6.50 ($0.08), with a volume of 52,946 shares traded.

Phoenix Global Resources Stock Performance

The company 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 price of GBX 6.50 and a two-hundred day moving average price of GBX 6.50. The company has a current ratio of 0.28, a quick ratio of 0.21 and a debt-to-equity ratio of 38,240.11.

About Phoenix Global Resources

(Get Free Report)

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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