Xtract Resources (LON:XTR) Stock Price Up 2.9% – Still a Buy?

Xtract Resources Plc (LON:XTR)’s share price traded up 2.9% during trading on Wednesday . The company traded as high as GBX 0.95 and last traded at GBX 0.90. 7,261,352 shares traded hands during trading, a decline of 24% from the average session volume of 9,547,453 shares. The stock had previously closed at GBX 0.88.

Xtract Resources Price Performance

The firm has a market capitalization of £7.24 million, a price-to-earnings ratio of -10.56 and a beta of 0.06. The business’s 50 day moving average price is GBX 0.72 and its 200-day moving average price is GBX 0.75.

Insider Activity

In other Xtract Resources news, insider Colin Bird purchased 3,000,000 shares of Xtract Resources stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of GBX 1 per share, with a total value 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.