Xtract Resources (LON:XTR) Stock Price Up 13.3% – What’s Next?

Xtract Resources Plc (LON:XTR) traded up 13.3% during trading on Tuesday . The company traded as high as GBX 1.20 ($0.02) and last traded at GBX 0.96 ($0.01). 9,358,002 shares were traded during trading, an increase of 422% from the average session volume of 1,792,736 shares. The stock had previously closed at GBX 0.85 ($0.01).

Xtract Resources Price Performance

The business’s 50-day moving average price is GBX 0.89 and its 200 day moving average price is GBX 0.71. The firm has a market capitalization of £6.80 million, a price-to-earnings ratio of -55.54 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.