Xtract Resources (LON:XTR) Stock Passes Below 200-Day Moving Average – Time to Sell?

Xtract Resources Plc (LON:XTR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.61 ($0.01) and traded as low as GBX 0.45 ($0.01). Xtract Resources shares last traded at GBX 0.55 ($0.01), with a volume of 4,863,211 shares traded.

Xtract Resources Stock Down 5.3 %

The company has a 50 day moving average of GBX 0.52 and a 200-day moving average of GBX 0.61. The stock has a market capitalization of £4.17 million, a P/E ratio of -34.04 and a beta of 0.06.

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.