Phoenix Global Resources (LON:PGR) Stock Passes Above Fifty Day Moving Average of $13.91

Phoenix Global Resources PLC (LON:PGR)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.91 and traded as high as $17.40. Phoenix Global Resources shares last traded at $17.40, with a volume of 494,891 shares.

Separately, Shore Capital restated a “house stock” rating on shares of Phoenix Global Resources in a research report on Monday, September 2nd.

The company has a 50-day moving average of GBX 13.91 and a 200 day moving average of GBX 18.39. The company has a quick ratio of 0.46, a current ratio of 0.76 and a debt-to-equity ratio of 88.12. The firm has a market capitalization of $476.24 million and a PE ratio of -7.91.

Phoenix Global Resources Company Profile (LON:PGR)

Phoenix Global Resources plc operates as an independent oil and gas exploration and production company in Argentina. The company is headquartered in London, the United Kingdom. Phoenix Global Resources plc is a subsidiary of Upstream Capital Partners VI Limited.

Further Reading: Channel Trading

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