Xtract Resources (LON:XTR) Trading Down 5.3% – Here’s What Happened

Xtract Resources Plc (LON:XTR) fell 5.3% during mid-day trading on Tuesday . The stock traded as low as GBX 0.90 and last traded at GBX 0.90. 4,188,283 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 11,095,268 shares. The stock had previously closed at GBX 0.95.

Xtract Resources Stock Performance

The company has a market capitalization of £7.39 million, a PE ratio of -10.79 and a beta of 0.06. The company has a 50 day simple moving average of GBX 0.68 and a 200 day simple moving average of GBX 0.74.

Insider Activity

In other Xtract Resources news, insider Colin Bird bought 3,000,000 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average price of GBX 1 per share, with a total value of £30,000. 9.60% of the stock is owned by insiders.

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.