Xtract Resources (LON:XTR) Trading Down 11.3% – Should You Sell?

Xtract Resources Plc (LON:XTR) was down 11.3% on Tuesday . The stock traded as low as GBX 0.53 ($0.01) and last traded at GBX 0.53 ($0.01). Approximately 350,850 shares traded hands during trading, a decline of 66% from the average daily volume of 1,040,477 shares. The stock had previously closed at GBX 0.60 ($0.01).

Xtract Resources Stock Down 12.8 %

The company has a market cap of £4.48 million, a price-to-earnings ratio of -3.08 and a beta of 0.06. The business has a 50-day simple moving average of GBX 0.65 and a two-hundred day simple moving average of GBX 0.80. The company has a quick ratio of 1.99, a current ratio of 7.07 and a debt-to-equity ratio of 0.25.

About Xtract Resources

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.