Xtract Resources (LON:XTR) Trading Down 10.2% – Here’s What Happened

Shares of Xtract Resources Plc (LON:XTR) traded down 10.2% during trading on Wednesday . The company traded as low as GBX 0.90 and last traded at GBX 0.92. 10,665,838 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 10,240,358 shares. The stock had previously closed at GBX 1.03.

Xtract Resources Stock Performance

The firm has a market cap of £9.42 million, a price-to-earnings ratio of -13.75 and a beta of 0.06. The stock’s 50 day simple moving average is GBX 0.85 and its 200-day simple moving average is GBX 0.78.

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.