Xtract Resources (LON:XTR) Stock Price Down 12.5% – Here’s What Happened

Shares of Xtract Resources Plc (LON:XTR) dropped 12.5% during mid-day trading on Monday . The company traded as low as GBX 1.10 and last traded at GBX 1.12. 5,398,943 shares changed hands during trading, a decline of 18% from the average session volume of 6,548,894 shares. The stock had previously closed at GBX 1.28.

Xtract Resources Price Performance

The business has a fifty day moving average price of GBX 1.06 and a 200 day moving average price of GBX 0.96. The company has a market capitalization of £9.93 million, a price-to-earnings ratio of -14.50 and a beta of 0.48.

Xtract Resources (LON:XTR) last released its quarterly earnings results on Monday, June 29th. The company reported GBX (0.23) EPS for the quarter. Xtract Resources had a negative return on equity of 11.84% and a negative net margin of 46,750.00%.

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.