Xtract Resources (LON:XTR) Shares Down 3.6% – Here’s What Happened

Xtract Resources Plc (LON:XTR) fell 3.6% on Wednesday . The company traded as low as GBX 1.26 and last traded at GBX 1.35. 16,521,047 shares changed hands during trading, an increase of 162% from the average daily volume of 6,307,269 shares. The stock had previously closed at GBX 1.40.

Xtract Resources Stock Down 3.6%

The firm has a market cap of £11.56 million, a P/E ratio of -5.87 and a beta of 0.44. The stock’s 50-day simple moving average is GBX 1.14 and its 200 day simple moving average is GBX 1.02.

Xtract Resources (LON:XTR) last issued its quarterly earnings results on Monday, June 29th. The company reported GBX (0.23) earnings per share for the quarter. Xtract Resources had a negative return on equity of 11.84% and a negative net margin of 46,750.00%.

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.