Xtract Resources (LON:XTR) Trading 2.9% Higher – Here’s What Happened

Xtract Resources Plc (LON:XTR) shares were up 2.9% during mid-day trading on Wednesday . The stock traded as high as GBX 0.95 and last traded at GBX 0.90. Approximately 7,261,352 shares were traded during trading, a decline of 24% from the average daily volume of 9,547,453 shares. The stock had previously closed at GBX 0.88.

Xtract Resources Price Performance

The stock has a market capitalization of £7.88 million, a price-to-earnings ratio of -11.50 and a beta of 0.06. The stock has a 50-day moving average of GBX 0.71 and a 200 day moving average of GBX 0.74.

Insider Activity at Xtract Resources

In other Xtract Resources news, insider Colin Bird purchased 3,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average cost of GBX 1 per share, with a total value of £30,000. 9.60% of the stock is currently owned by corporate insiders.

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.