Xtract Resources (LON:XTR) Shares Up 6.6% – Time to Buy?

Xtract Resources Plc (LON:XTR)’s stock price was up 6.6% during mid-day trading on Thursday . The company traded as high as GBX 1.20 and last traded at GBX 1.12. 6,915,492 shares traded hands during trading, an increase of 9% from the average daily volume of 6,331,214 shares. The stock had previously closed at GBX 1.05.

Xtract Resources Price Performance

The stock has a 50 day simple moving average of GBX 1.07 and a two-hundred day simple moving average of GBX 0.98. The company has a market cap of £9.58 million, a PE ratio of -4.87 and a beta of 0.44.

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

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.