Xtract Resources (LON:XTR) Stock Price Up 16.5% – Here’s Why

Shares of Xtract Resources Plc (LON:XTR) traded up 16.5% during 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 changed 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 Stock Performance

The stock has a market cap of £4.52 million, a price-to-earnings ratio of -3.08 and a beta of 0.06. The company’s fifty day simple moving average is GBX 0.52 and its two-hundred day simple moving average is GBX 0.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.07 and a quick ratio of 1.99.

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.