Xtract Resources (LON:XTR) Shares Up 7.5% – Still a Buy?

Shares of Xtract Resources Plc (LON:XTRGet Free Report) traded up 7.5% during trading on Monday . The company traded as high as GBX 0.57 ($0.01) and last traded at GBX 0.57 ($0.01). 1,915,666 shares changed hands during mid-day trading, an increase of 336% from the average session volume of 439,698 shares. The stock had previously closed at GBX 0.53 ($0.01).

Xtract Resources Trading Down 6.0 %

The stock’s 50-day moving average price is GBX 0.54 and its 200 day moving average price is GBX 0.67. 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 firm has a market capitalization of £4.02 million, a PE ratio of -3.08 and a beta of 0.06.

About Xtract Resources

(Get Free Report)

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.

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