Phoenix Copper (#PXC) – retail offer raises just £67,218 at 0.5p per share
- 2026-07-10 06:50:45
UK 02:29 Saturday, 19 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
This is the company where the former chairman and CFO half inched $1.7 million over nine years with no fellow directors or the auditors noticing. Worse still Phoenix Copper (PXC) was bailed out last December by murky offshore death spiral hoods Indigo of BSF Enterprise (BSFA) infamy. Now there is a placing and retail open offer for morons only but read the small print.
Phoenix Copper (PXC) has seen its share price slide by around 30% from the peak it hit a month or so ago, and without any actual news to trigger that.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share prices drop substantially. That has definitely been the case with US copper explorer Phoenix Copper (PXC) which was trading at close to 70p earlier this year, but has since gradually slid all the way back down to a current price of just 20p, and without any company specific news really justifying it.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share price drop substantially.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share price drop substantially.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share price drop substantially.
Copper is all the rage at the moment, and rightly so as the metal looks likely to remain strong in the coming years, with potential shortages forecast.
