Xtract Resources (LON:XTR) Trading 18% Higher – Here’s What Happened

Shares of Xtract Resources Plc (LON:XTR) rose 18% on Tuesday . The stock traded as high as GBX 0.59 ($0.01) and last traded at GBX 0.59 ($0.01). Approximately 359,201 shares changed hands during trading, a decline of 64% from the average daily volume of 1,002,399 shares. The stock had previously closed at GBX 0.50 ($0.01).

Xtract Resources Stock Up 18.0 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 7.07 and a quick ratio of 1.99. The stock’s fifty day simple moving average is GBX 0.57 and its 200-day simple moving average is GBX 0.71. The stock has a market cap of £5.05 million, a P/E ratio of -3.08 and a beta of 0.06.

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.