Xtract Resources (LON:XTR) Shares Up 16.9% – Time to Buy?

Xtract Resources Plc (LON:XTR)’s stock price was up 16.9% during mid-day trading on Tuesday . The stock traded as high as GBX 1 and last traded at GBX 0.94. Approximately 14,547,245 shares changed hands during trading, an increase of 64% from the average daily volume of 8,873,979 shares. The stock had previously closed at GBX 0.80.

Xtract Resources Stock Performance

The company has a market cap of £8.84 million, a price-to-earnings ratio of -12.90 and a beta of 0.06. The company has a fifty day moving average of GBX 0.73 and a two-hundred day moving average of GBX 0.75.

Insider Activity at Xtract Resources

In other news, insider Colin Bird purchased 3,000,000 shares of Xtract Resources stock in a transaction dated Friday, November 14th. The shares were bought at an average cost of GBX 1 per share, for a total transaction of £30,000. 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.