Xtract Resources (LON:XTR) Trading Up 9.1% – Still a Buy?

Xtract Resources Plc (LON:XTRGet Free Report)’s stock price traded up 9.1% during trading on Thursday . The stock traded as high as GBX 0.60 ($0.01) and last traded at GBX 0.60 ($0.01). 368,602 shares were traded during trading, a decline of 65% from the average session volume of 1,050,368 shares. The stock had previously closed at GBX 0.55 ($0.01).

Xtract Resources Trading Up 9.1 %

The company has a 50 day simple moving average of GBX 0.70 and a 200 day simple moving average of GBX 0.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 7.07. The company has a market capitalization of £5.14 million, a PE ratio of -3.08 and a beta of 0.06.

Xtract Resources Company Profile

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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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