Xtract Resources (LON:XTR) Trading Down 8.8% – What’s Next?

Xtract Resources Plc (LON:XTR)’s share price traded down 8.8% on Tuesday . The company traded as low as GBX 0.84 ($0.01) and last traded at GBX 0.84 ($0.01). 1,092,320 shares were traded during mid-day trading, a decline of 31% from the average session volume of 1,580,983 shares. The stock had previously closed at GBX 0.93 ($0.01).

Xtract Resources Price Performance

The company has a market capitalization of £7.07 million, a price-to-earnings ratio of -10.31 and a beta of 0.06. The stock has a 50 day simple moving average of GBX 0.80 and a two-hundred day simple moving average of GBX 0.81.

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.