Xtract Resources (LON:XTR) Trading Down 15.2% – Here’s Why

Shares of Xtract Resources Plc (LON:XTR) were down 15.2% during mid-day trading on Wednesday . The stock traded as low as GBX 0.93 and last traded at GBX 1.03. Approximately 13,621,123 shares changed hands during trading, an increase of 125% from the average daily volume of 6,042,697 shares. The stock had previously closed at GBX 1.22.

Xtract Resources Stock Down 15.2%

The company has a market cap of £12.30 million, a P/E ratio of -4.50 and a beta of 0.44. The firm’s 50 day moving average is GBX 1.17 and its two-hundred day moving average is GBX 1.06.

Xtract Resources (LON:XTR) last released its quarterly earnings results on Monday, June 29th. The company reported GBX (0.23) EPS for the quarter. Xtract Resources had a negative net margin of 46,750.00% and a negative return on equity of 11.84%.

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.