Xtract Resources (LON:XTR) Stock Price Up 7.8% – Here’s Why

Xtract Resources Plc (LON:XTR) traded up 7.8% during trading on Monday . The stock traded as high as GBX 0.93 and last traded at GBX 0.93. 4,872,564 shares traded hands during trading, a decline of 50% from the average session volume of 9,758,505 shares. The stock had previously closed at GBX 0.86.

Xtract Resources Trading Up 7.8%

The business has a 50 day moving average of GBX 0.79 and a two-hundred day moving average of GBX 0.76. The firm has a market cap of £7.96 million, a P/E ratio of -11.63 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.