Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Posts similar loss in 2021 to the year before, narrowing slightly to $969,250 from $971,850 in 2020. The loss per share decreases to $0.90 from $1.66, due to the number of shares in issue nearly doubling. Phoenix Copper does not yet produce revenue from its mineral exploration and development activities. The company says it has a positive outlook. ‘The metals markets continue to perform well, with copper recently climbing through an all-time high of $5.00 per pound, zinc at a 15-year high of $1.71 per pound, cobalt climbing back towards 2018 record prices, and gold and silver remaining robust above $1,900 and $24.50, respectively,’ says Chief Executive Officer Ryan McDermott.

Current stock price: 59.90 pence, up 15% on Monday

12-month change: up 71%

Copyright 2022 Alliance News Limited. All Rights Reserved.