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

Xtra-Gold Resources Corp. (TSE:XTGGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$3.50 and last traded at C$3.43, with a volume of 92959 shares changing hands. The stock had previously closed at C$3.36.

Xtra-Gold Resources Stock Up 0.6%

The stock’s 50 day moving average price is C$3.30 and its two-hundred day moving average price is C$2.66. The firm has a market capitalization of C$161.74 million, a price-to-earnings ratio of 58.17 and a beta of 0.48.

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

Xtra-Gold Resources Company Profile

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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.

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