Xtra-Gold Resources (TSE:XTG) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Xtra-Gold Resources Corp. (TSE:XTG)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.39 and traded as low as C$3.27. Xtra-Gold Resources shares last traded at C$3.28, with a volume of 9,299 shares traded.

Xtra-Gold Resources Trading Down 2.1%

The stock’s fifty day simple moving average is C$3.39 and its 200 day simple moving average is C$2.81. The company has a market cap of C$152.01 million, a price-to-earnings ratio of 54.67 and a beta of 0.63.

Xtra-Gold Resources (TSE:XTG) last issued its earnings results on Tuesday, October 28th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$2.65 million for the quarter.

About Xtra-Gold Resources

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.