Xtra-Gold Resources (TSE:XTG) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Xtra-Gold Resources Corp. (TSE:XTG) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.40 and traded as high as C$3.47. Xtra-Gold Resources shares last traded at C$3.42, with a volume of 5,435 shares traded.

Xtra-Gold Resources Stock Down 2.0%

The business has a 50-day moving average price of C$3.40 and a 200-day moving average price of C$2.98. The firm has a market capitalization of C$158.50 million, a P/E ratio of 57.00 and a beta of 0.60.

Xtra-Gold Resources (TSE:XTG) last posted its quarterly earnings results on Tuesday, October 28th. The company reported C$0.05 earnings per share for the quarter. The business 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 totaling 226 square kilometers in the Kibi Gold Belt of Ghana, West Africa. The Kibi Gold Belt is geologically similar and in close proximity to the world-renowned Ashanti Gold Belt , which hosts an estimated 130 million ounces of gold resources. With an established land position, strong financial footing, and experienced technical team, Xtra-Gold is strategically positioned to make the next major gold discovery in Ghana .