Xtract Resources Plc (LON:XTR – Get Free Report) shares rose 16.9% on Tuesday . The company traded as high as GBX 1 and last traded at GBX 0.94. Approximately 14,547,245 shares were traded during trading, an increase of 64% from the average daily volume of 8,873,979 shares. The stock had previously closed at GBX 0.80.
Xtract Resources Stock Up 29.0%
The company’s 50 day moving average price is GBX 0.73 and its 200-day moving average price is GBX 0.75. The stock has a market cap of £8.84 million, a P/E ratio of -12.90 and a beta of 0.06.
Insider Transactions at Xtract Resources
In related news, insider Colin Bird bought 3,000,000 shares of the 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.
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