Xtract Resources Plc (LON:XTR – Get Free Report) shares rose 12.9% on Wednesday . The stock traded as high as GBX 1 and last traded at GBX 0.96. Approximately 3,584,988 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 6,694,973 shares. The stock had previously closed at GBX 0.85.
Xtract Resources Trading Up 9.5%
The company’s 50-day moving average price is GBX 0.93 and its two-hundred day moving average price is GBX 0.86. The company has a market cap of £8.91 million, a P/E ratio of -13.00 and a beta of 0.39.
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.
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