Xtra-Gold Resources (TSE:XTG) Hits New 52-Week High – Time to Buy?

Xtra-Gold Resources Corp. (TSE:XTG) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.48 and last traded at C$3.43, with a volume of 2039 shares trading hands. The stock had previously closed at C$3.44.

Xtra-Gold Resources Stock Up 0.6%

The firm’s 50-day moving average price is C$3.22 and its 200 day moving average price is C$2.58. The firm has a market cap of C$159.89 million, a P/E ratio of 57.50 and a beta of 0.48.

Xtra-Gold Resources (TSE:XTG) last released its quarterly earnings data on Tuesday, October 28th. The company reported C$0.05 earnings per share for the quarter. The business had revenue of C$2.65 million for the quarter.

Xtra-Gold Resources Company Profile

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.