Phoenix Global Resources PLC (LON:PGR)’s share price dropped 6.7% on Thursday . The stock traded as low as GBX 20 ($0.26) and last traded at GBX 20.75 ($0.27). Approximately 174,410 shares were traded during trading, an increase of 2% from the average daily volume of 170,290 shares. The stock had previously closed at GBX 22.25 ($0.29).

The firm has a market cap of $578.23 million and a price-to-earnings ratio of -1.44. The company has a debt-to-equity ratio of 38.00, a current ratio of 0.74 and a quick ratio of 0.54.

In other news, insider Sir Michael Rake purchased 201,997 shares of the business’s stock in a transaction on Friday, January 11th. The stock was acquired at an average price of GBX 25 ($0.33) per share, for a total transaction of £50,499.25 ($65,986.21).

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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.

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