Xtract Resources (LON:XTR) Shares Down 17.5% – What’s Next?

Xtract Resources Plc (LON:XTR)’s share price fell 17.5% during mid-day trading on Monday . The company traded as low as GBX 0.53 ($0.01) and last traded at GBX 0.53 ($0.01). 225,803 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,050,439 shares. The stock had previously closed at GBX 0.64 ($0.01).

Xtract Resources Stock Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 7.07 and a quick ratio of 1.99. The stock has a 50-day simple moving average of GBX 0.70 and a 200-day simple moving average of GBX 0.84. The stock has a market cap of £4.71 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.