Xtra-Gold Resources (TSE:XTG) Sets New 52-Week High – Time to Buy?

Xtra-Gold Resources Corp. (TSE:XTG) reached a new 52-week high during trading on Thursday . The stock traded as high as C$3.50 and last traded at C$3.50, with a volume of 33600 shares changing hands. The stock had previously closed at C$3.35.

Xtra-Gold Resources Trading Up 4.5%

The firm has a market cap of C$162.20 million, a price-to-earnings ratio of 58.33 and a beta of 0.63. The firm’s 50-day moving average is C$3.37 and its 200-day moving average is C$2.88.

Xtra-Gold Resources (TSE:XTG) last released its quarterly earnings data on Tuesday, October 28th. The company reported C$0.05 earnings per share for the quarter. The business had revenue of C$2.65 million for 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.