Xtract Resources (LON:XTR) Trading Down 13.3% – Time to Sell?

Xtract Resources Plc (LON:XTR) fell 13.3% during mid-day trading on Monday . The stock traded as low as GBX 0.90 and last traded at GBX 0.90. 2,857,045 shares traded hands during trading, a decline of 62% from the average session volume of 7,593,227 shares. The stock had previously closed at GBX 1.04.

Xtract Resources Price Performance

The firm’s fifty day simple moving average is GBX 1 and its 200 day simple moving average is GBX 0.85. The company has a market capitalization of £8.14 million, a price-to-earnings ratio of -11.88 and a beta of 0.32.

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.