Xtract Resources (LON:XTR) Trading Down 11.1% – Time to Sell?

Xtract Resources Plc (LON:XTR) shares were down 11.1% during trading on Wednesday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.60 ($0.01). Approximately 356,070 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,515,034 shares. The stock had previously closed at GBX 0.68 ($0.01).

Xtract Resources Price Performance

The company has a market cap of £4.80 million, a PE ratio of -39.20 and a beta of 0.06. The company has a 50-day moving average of GBX 0.73 and a 200 day moving average of GBX 0.79.

Xtract Resources (LON:XTR) last released its quarterly earnings results on Friday, June 27th. The company reported GBX (0.09) EPS for the quarter.

About Xtract Resources

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.