Xtract Resources (LON:XTR) Sets New 1-Year Low – Here’s Why

Shares of Xtract Resources Plc (LON:XTR) reached a new 52-week low on Monday . The company traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.48 ($0.01), with a volume of 1331793 shares changing hands. The stock had previously closed at GBX 0.54 ($0.01).

Xtract Resources Price Performance

The firm has a 50-day simple moving average of GBX 0.52 and a 200-day simple moving average of GBX 0.62. The firm has a market capitalization of £4.35 million, a PE ratio of -35.48 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.