Xtract Resources (LON:XTR) Stock Price Up 0.2% – Should You Buy?

Shares of Xtract Resources Plc (LON:XTR) shot up 0.2% during trading on Wednesday . The company traded as high as GBX 0.60 and last traded at GBX 0.53. 3,499,688 shares traded hands during mid-day trading, an increase of 67% from the average session volume of 2,096,593 shares. The stock had previously closed at GBX 0.53.

Xtract Resources Price Performance

The firm has a market cap of £5.05 million, a P/E ratio of -7.38 and a beta of 0.06. The company’s 50-day moving average is GBX 0.71 and its two-hundred day moving average is GBX 0.75.

Insider Buying and Selling at Xtract Resources

In other news, insider Colin Bird purchased 3,000,000 shares of Xtract Resources stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £30,000. Company insiders own 9.60% of the company’s stock.

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.