Xtract Resources (LON:XTR) Shares Down 13.6% – Here’s Why

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

Xtract Resources Price Performance

The company has a market capitalization of £4.16 million, a price-to-earnings ratio of -33.98 and a beta of 0.06. The business’s 50 day simple moving average is GBX 0.52 and its 200 day simple moving average is GBX 0.63.

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.