Xtract Resources (LON:XTR) Stock Passes Above 50 Day Moving Average – Should You Sell?

Xtract Resources Plc (LON:XTR) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 0.56 ($0.01) and traded as high as GBX 0.60 ($0.01). Xtract Resources shares last traded at GBX 0.60 ($0.01), with a volume of 1,029,572 shares changing hands.

Xtract Resources Trading Down 6.0 %

The stock has a fifty day simple moving average of GBX 0.56 and a 200 day simple moving average of GBX 0.69. The firm has a market capitalization of £4.02 million, a P/E ratio of -3.08 and a beta of 0.06. The company has a quick ratio of 1.99, a current ratio of 7.07 and a debt-to-equity ratio of 0.25.

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.