Xtract Resources (LON:XTR) Sets New 52-Week High – Should You Buy?

Xtract Resources Plc (LON:XTR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1.20 ($0.02) and last traded at GBX 1.06 ($0.01), with a volume of 15242592 shares traded. The stock had previously closed at GBX 0.93 ($0.01).

Xtract Resources Stock Performance

The company’s 50 day moving average price is GBX 0.54 and its 200-day moving average price is GBX 0.59. The company has a market cap of £8.50 million, a price-to-earnings ratio of -69.39 and a beta of 0.06.

About Xtract Resources

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.