Xtra-Gold Resources (TSE:XTG) Sets New 1-Year High – Here’s What Happened

Xtra-Gold Resources Corp. (TSE:XTG)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.50 and last traded at C$3.50, with a volume of 33600 shares trading hands. The stock had previously closed at C$3.35.

Xtra-Gold Resources Trading Up 4.5%

The company has a market capitalization of C$162.20 million, a PE ratio of 58.33 and a beta of 0.63. The stock’s fifty day moving average is C$3.37 and its two-hundred day moving average is C$2.88.

Xtra-Gold Resources (TSE:XTG) last released its earnings results on Tuesday, October 28th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$2.65 million during the quarter.

Xtra-Gold Resources Company Profile

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.