Xtract Resources (LON:XTR) Trading 17.4% Higher

Xtract Resources Plc (LON:XTRGet Free Report)’s stock price rose 17.4% during trading on Friday . The company traded as high as GBX 0.68 ($0.01) and last traded at GBX 0.68 ($0.01). Approximately 2,776,436 shares were traded during mid-day trading, an increase of 159% from the average daily volume of 1,070,857 shares. The stock had previously closed at GBX 0.58 ($0.01).

Xtract Resources Stock Up 21.7 %

The business’s fifty day moving average price is GBX 0.76 and its 200 day moving average price is GBX 0.88. The company has a quick ratio of 1.99, a current ratio of 6.70 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of £5.99 million, a PE ratio of -3.08 and a beta of 0.06.

About Xtract Resources

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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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