Xtract Resources (LON:XTR) Trading Up 6.2% – What’s Next?

Xtract Resources Plc (LON:XTR) shares shot up 6.2% on Monday . The stock traded as high as GBX 1.17 ($0.02) and last traded at GBX 1.17 ($0.02). 971,353 shares were traded during trading, a decline of 35% from the average session volume of 1,492,476 shares. The stock had previously closed at GBX 1.10 ($0.01).

Xtract Resources Stock Up 2.3 %

The stock’s fifty day moving average price is GBX 0.62 and its 200-day moving average price is GBX 0.61. The company has a market capitalization of £8.80 million, a price-to-earnings ratio of -71.88 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.