Xtract Resources (LON:XTR) Shares Up 18.5% – Should You Buy?

Xtract Resources Plc (LON:XTR)’s share price traded up 18.5% during trading on Thursday . The stock traded as high as GBX 1.15 and last traded at GBX 1.09. 22,540,125 shares changed hands during trading, an increase of 114% from the average session volume of 10,555,737 shares. The stock had previously closed at GBX 0.92.

Xtract Resources Trading Up 0.9%

The stock has a 50-day moving average of GBX 0.86 and a two-hundred day moving average of GBX 0.78. The firm has a market cap of £9.42 million, a price-to-earnings ratio of -13.75 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.