Xtra-Gold Resources (TSE:XTG) Reaches New 52-Week Low – Should You Sell?

Xtra-Gold Resources Corp. (TSE:XTG – Get Free Report)’s share price reached a new 52-week low on Friday. The stock traded as low as C$2.23 and last traded at C$2.29, with a volume of 36007 shares trading hands. The stock had previously closed at C$2.33.

Xtra-Gold Resources Stock Down 1.7%

The stock has a 50-day simple moving average of C$2.67 and a 200 day simple moving average of C$2.75. The company has a market cap of C$106.65 million, a PE ratio of 25.44 and a beta of 0.45.

About Xtra-Gold Resources

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Xtra-Gold Resources Corp. is a gold exploration company with a substantial land position totaling 226 square kilometers in the Kibi Gold Belt of Ghana, West Africa. The Kibi Gold Belt is geologically similar and in close proximity to the world-renowned Ashanti Gold Belt , which hosts an estimated 130 million ounces of gold resources. With an established land position, strong financial footing, and experienced technical team, Xtra-Gold is strategically positioned to make the next major gold discovery in Ghana .

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