Xtract Resources (LON:XTR) Shares Climb 4.8% – Here’s Why

Xtract Resources Plc (LON:XTR)’s share price traded up 4.8% during trading on Monday. The company traded as high as GBX 0.92 and last traded at GBX 0.87. Approximately 6,720,978 shares traded hands during trading, an increase of 9% from the average daily volume of 6,172,060 shares. The stock had previously closed at GBX 0.83.

Xtract Resources Price Performance

The business has a 50-day moving average of GBX 1.01 and a 200 day moving average of GBX 1.05. The company has a market cap of £12.18 million, a PE ratio of -3.78 and a beta of 0.44.

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.