FENIX Resources (ASX:FEX) Trading 5.7% Higher

FENIX Resources Limited (ASX:FEX) traded up 5.7% on Thursday . The stock traded as high as A$0.10 ($0.07) and last traded at A$0.10 ($0.07). 319,173 shares were traded during mid-day trading, an increase of ∞ from the average session volume of 0 shares. The stock had previously closed at A$0.10 ($0.07).

The company has a debt-to-equity ratio of 0.39, a current ratio of 10.43 and a quick ratio of 10.43. The firm has a market capitalization of $27.25 million and a price-to-earnings ratio of -3.03.

In other FENIX Resources news, insider Robert (Rob) Brierley 6,000,000 shares of the company’s stock in a transaction on Wednesday, May 22nd.

FENIX Resources Company Profile (ASX:FEX)

Fenix Resources Limited engages in the exploration of iron, base metal, and precious metal properties in Western Australia. Its flagship property is the Ridge iron ore project located in Perth. The company also holds 80% interests in the Beyondie iron ore project comprising E52/2215 iron-ore tenement with 46 blocks covering an area of 142 square kilometers located in Western Australia.

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