Xtract Resources (LON:XTR) Shares Down 8.2% – Here’s What Happened

Xtract Resources Plc (LON:XTR)’s stock price was down 8.2% during mid-day trading on Thursday . The company traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.78 ($0.01). Approximately 5,786,633 shares traded hands during trading, an increase of 267% from the average daily volume of 1,576,845 shares. The stock had previously closed at GBX 0.85 ($0.01).

Xtract Resources Trading Down 5.6 %

The business has a 50 day moving average of GBX 0.73 and a 200-day moving average of GBX 0.63. The stock has a market cap of £6.04 million, a PE ratio of -49.33 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.