Xtra-Gold Resources (TSE:XTG) Sets New 12-Month High – Time to Buy?

Xtra-Gold Resources Corp. (TSE:XTG)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$3.71 and last traded at C$3.69, with a volume of 23454 shares traded. The stock had previously closed at C$3.53.

Xtra-Gold Resources Stock Performance

The business’s 50-day moving average is C$3.38 and its 200-day moving average is C$2.93. The company has a market capitalization of C$170.08 million, a PE ratio of 61.17 and a beta of 0.63.

Xtra-Gold Resources (TSE:XTG) last issued its quarterly earnings results on Tuesday, October 28th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$2.65 million during the quarter.

About Xtra-Gold Resources

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.