Xtract Resources (LON:XTR) Trading Down 17.5% – Here’s What Happened

Xtract Resources Plc (LON:XTR)’s share price traded down 17.5% during trading on Monday . The stock traded as low as GBX 0.53 ($0.01) and last traded at GBX 0.53 ($0.01). 225,803 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,050,439 shares. The stock had previously closed at GBX 0.64 ($0.01).

Xtract Resources Stock Down 17.5 %

The company has a 50-day simple moving average of GBX 0.71 and a 200 day simple moving average of GBX 0.85. The company has a market cap of £4.52 million, a P/E ratio of -3.08 and a beta of 0.06. The company has a current ratio of 7.07, a quick ratio of 1.99 and a debt-to-equity ratio of 0.25.

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.