Xtract Resources (LON:XTR) Trading 16.5% Higher – Still a Buy?

Xtract Resources Plc (LON:XTRGet Free Report) traded up 16.5% during mid-day trading on Monday . The company traded as high as GBX 0.60 ($0.01) and last traded at GBX 0.55 ($0.01). 138,223 shares traded hands during trading, a decline of 71% from the average session volume of 469,149 shares. The stock had previously closed at GBX 0.47 ($0.01).

Xtract Resources Trading Up 5.6 %

The company has a quick ratio of 1.99, a current ratio of 7.07 and a debt-to-equity ratio of 0.25. The firm has a market cap of £4.52 million, a P/E ratio of -3.08 and a beta of 0.06. The firm’s 50-day simple moving average is GBX 0.52 and its 200 day simple moving average is GBX 0.64.

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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