Xtract Resources (LON:XTR) Trading Down 13.6% – Should You Sell?

Xtract Resources Plc (LON:XTR) traded down 13.6% on Friday . The company traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.52 ($0.01). 906,388 shares were traded during trading, an increase of 81% from the average session volume of 500,575 shares. The stock had previously closed at GBX 0.60 ($0.01).

Xtract Resources Stock Down 13.6 %

The firm has a market capitalization of £4.16 million, a P/E ratio of -33.98 and a beta of 0.06. The business’s 50 day moving average is GBX 0.52 and its two-hundred day moving average is GBX 0.63.

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.