Phoenix Global Resources (LON:PGR) Stock Price Passes Above 50 Day Moving Average of $17.51

Shares of Phoenix Global Resources PLC (LON:PGR) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.51 and traded as high as $18.00. Phoenix Global Resources shares last traded at $17.50, with a volume of 209,243 shares trading hands.

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

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 cap of $489.47 million and a PE ratio of -7.99. The firm’s fifty day simple moving average is GBX 17.65 and its two-hundred day simple moving average is GBX 18.33.

About Phoenix Global Resources (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.

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