Xtract Resources (LON:XTR) Shares Pass Below 200 Day Moving Average – Should You Sell?

Xtract Resources Plc (LON:XTR)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.83 ($0.01) and traded as low as GBX 0.55 ($0.01). Xtract Resources shares last traded at GBX 0.65 ($0.01), with a volume of 803,253 shares.

Xtract Resources Stock Performance

The business’s fifty day moving average is GBX 0.67 and its 200-day moving average is GBX 0.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 7.07. The firm has a market cap of £5.57 million, a P/E ratio of -3.08 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.