Xtract Resources (LON:XTR) Stock Price Down 8% – Here’s What Happened

Xtract Resources Plc (LON:XTR) fell 8% on Friday . The stock traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.55 ($0.01). 365,314 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 1,020,368 shares. The stock had previously closed at GBX 0.60 ($0.01).

Xtract Resources Stock Performance

The firm has a fifty day moving average of GBX 0.63 and a 200-day moving average of GBX 0.78. The company has a quick ratio of 1.99, a current ratio of 7.07 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of £5.14 million, a price-to-earnings ratio of -3.08 and a beta of 0.06.

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.