Xtract Resources (LON:XTR) Trading Up 7.7% – Still a Buy?

Xtract Resources Plc (LON:XTR)’s share price traded up 7.7% during mid-day trading on Friday . The stock traded as high as GBX 0.70 ($0.01) and last traded at GBX 0.70 ($0.01). 282,654 shares were traded during trading, a decline of 73% from the average session volume of 1,039,371 shares. The stock had previously closed at GBX 0.65 ($0.01).

Xtract Resources Stock Up 3.8 %

The stock has a 50 day moving average price of GBX 0.71 and a 200 day moving average price of GBX 0.85. 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 £5.78 million, a P/E ratio of -3.08 and a beta of 0.06.

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.