Xtract Resources (LON:XTR) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Xtract Resources Plc (LON:XTR) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 0.71 and traded as high as GBX 0.95. Xtract Resources shares last traded at GBX 0.90, with a volume of 7,261,352 shares traded.

Xtract Resources Price Performance

The firm has a 50-day simple moving average of GBX 0.71 and a 200 day simple moving average of GBX 0.74. The firm has a market cap of £7.91 million, a PE ratio of -11.55 and a beta of 0.06.

Insider Buying and Selling at Xtract Resources

In other Xtract Resources news, insider Colin Bird bought 3,000,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was acquired at an average price of GBX 1 per share, with a total value of £30,000. Corporate insiders own 9.60% of the company’s stock.

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.