Xtract Resources (LON:XTR) Trading 2.9% Higher – Here’s What Happened

Xtract Resources Plc (LON:XTR)’s share price shot up 2.9% during mid-day trading on Wednesday . The company traded as high as GBX 0.95 and last traded at GBX 0.90. 7,261,352 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 9,547,453 shares. The stock had previously closed at GBX 0.88.

Xtract Resources Trading Up 8.2%

The stock has a market cap of £7.88 million, a P/E ratio of -11.50 and a beta of 0.06. The business’s fifty day simple moving average is GBX 0.71 and its 200 day simple moving average is GBX 0.74.

Insider Buying and Selling at Xtract Resources

In related news, insider Colin Bird acquired 3,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of GBX 1 per share, for a total transaction of £30,000. 9.60% of the stock is currently owned by corporate insiders.

Xtract Resources Company Profile

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.