Xtra-Gold Resources (TSE:XTG) Sets New 1-Year Low – Should You Sell?

Xtra-Gold Resources Corp. (TSE:XTG)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as C$1.97 and last traded at C$2.01, with a volume of 18,699 shares changing hands. The stock had previously closed at C$2.21.

Xtra-Gold Resources Trading Down 9.5%

The company has a market capitalization of C$93.15 million, a P/E ratio of 22.22 and a beta of 0.69. The company’s 50 day moving average is C$2.45 and its 200-day moving average is C$2.79.

About Xtra-Gold Resources

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 .