Xtract Resources (LON:XTR) Shares Down 10% – Here’s Why

Shares of Xtract Resources Plc (LON:XTR) traded down 10% on Wednesday . The stock traded as low as GBX 0.45 ($0.01) and last traded at GBX 0.45 ($0.01). 108,346 shares were traded during trading, a decline of 78% from the average session volume of 488,171 shares. The stock had previously closed at GBX 0.50 ($0.01).

Xtract Resources Trading Down 18.2 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 7.07 and a quick ratio of 1.99. The business has a fifty day moving average of GBX 0.56 and a 200-day moving average of GBX 0.69. The stock has a market capitalization of £3.85 million, a price-to-earnings ratio of -3.08 and a beta of 0.06.

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.