Xtract Resources (LON:XTR) Trading Up 6.2% – Time to Buy?

Xtract Resources Plc (LON:XTR) was up 6.2% during mid-day trading on Monday . The company traded as high as GBX 1.17 ($0.02) and last traded at GBX 1.17 ($0.02). Approximately 971,353 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 1,492,476 shares. The stock had previously closed at GBX 1.10 ($0.01).

Xtract Resources Stock Performance

The stock has a market cap of £9.35 million, a P/E ratio of -76.32 and a beta of 0.06. The stock’s fifty day simple moving average is GBX 0.59 and its 200-day simple moving average is GBX 0.60.

Xtract Resources Company Profile

Xtract Resources Plc, together with its subsidiaries, operates as a resource, development, and mining company. It explores for gold and copper deposits. The company holds 100% interest in the Manica gold project located in the Odzi-Mutare-Manica Greenstone belt in Mozambique; the Bushranger copper-gold project that comprises four exploration licenses totaling 501km2 and located in eastern central New South Wales, Australia; the Eureka copper-gold project comprising 345 hectares located in west of the Zambian Copperbelt district; and the Kalengwa copper project located in the North-western province of Zambia.