Xtract Resources (LON:XTR) Shares Up 5.5% – Here’s What Happened

Xtract Resources Plc (LON:XTR) shares shot up 5.5% during mid-day trading on Tuesday . The company traded as high as GBX 1.20 and last traded at GBX 1.06. 3,622,209 shares were traded during trading, a decline of 64% from the average session volume of 10,092,194 shares. The stock had previously closed at GBX 1.

Xtract Resources Price Performance

The firm has a market capitalization of £10.28 million, a P/E ratio of -15.00 and a beta of 0.06. The company has a fifty day moving average of GBX 0.95 and a 200 day moving average of GBX 0.81.

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.