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The latest announcement is out from Phoenix Copper ( (GB:PXC) ).
Phoenix Copper has updated the market on the refinancing of its short-term loan facility with Riverfort Global Opportunities, after using most of a US$2.1 million convertible loan note from Indigo Capital to repay the outstanding balance. Riverfort has since informed the company that this repayment should have been treated as a prepayment under the facility’s terms, and Phoenix is now in discussions to determine whether any further financial obligations arise, with a follow-up announcement promised once talks conclude, leaving investors watching for potential implications for the company’s near-term funding position and balance sheet flexibility.
The most recent analyst rating on (GB:PXC) stock is a Sell with a £2.50 price target. To see the full list of analyst forecasts on Phoenix Copper stock, see the GB:PXC Stock Forecast page.
Spark’s Take on GB:PXC Stock
According to Spark, TipRanks’ AI Analyst, GB:PXC is a Neutral.
The score is primarily held down by very weak financial performance (no revenue, widening losses, and rising cash burn), which elevates funding and dilution risk. Technical indicators are mixed but lean soft with the price below key moving averages. Valuation provides limited support given negative earnings and no dividend.
To see Spark’s full report on GB:PXC stock, click here.
More about Phoenix Copper
Phoenix Copper Limited is an emerging base and precious metals producer and exploration company focused entirely on the United States, with an initial emphasis on copper, gold and silver from open-pit mining. Its flagship asset is the Empire Mine in Idaho’s historic Alder Creek district, where it holds an 80% stake and has expanded the open-pit resource significantly since 2017, alongside additional regional holdings in past-producing mines, the Red Star silver-lead discovery, the Navarre Creek gold project and two cobalt properties on the Idaho Cobalt Belt. The company is listed on London’s AIM and trades on New York’s OTCQX market via shares and ADRs.
Average Trading Volume: 2,981,321
Technical Sentiment Signal: Sell
Current Market Cap: £7.06M
Learn more about PXC stock on TipRanks’ Stock Analysis page.