Xtract Resources (LON:XTR) Trading Up 0.2% – Here’s Why

Xtract Resources Plc (LON:XTR)’s stock price rose 0.2% during trading on Wednesday . The stock traded as high as GBX 0.60 and last traded at GBX 0.53. Approximately 3,499,688 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 2,096,593 shares. The stock had previously closed at GBX 0.53.

Xtract Resources Stock Performance

The firm has a market cap of £5.05 million, a P/E ratio of -7.38 and a beta of 0.06. The company’s 50 day moving average is GBX 0.71 and its 200 day moving average is GBX 0.75.

Insider Buying and Selling at Xtract Resources

In other news, insider Colin Bird acquired 3,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of GBX 1 per share, with a total value of £30,000. 9.60% of the stock is currently owned by company 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.