Xtract Resources (LON:XTR) Shares Up 23.1% – Time to Buy?

Xtract Resources Plc (LON:XTR) shares traded up 23.1% during mid-day trading on Tuesday . The stock traded as high as GBX 0.80 and last traded at GBX 0.80. 20,350,074 shares were traded during trading, an increase of 810% from the average session volume of 2,235,385 shares. The stock had previously closed at GBX 0.65.

Xtract Resources Price Performance

The company has a market cap of £6.85 million, a P/E ratio of -10.00 and a beta of 0.06. The stock has a 50-day moving average of GBX 0.67 and a 200 day moving average of GBX 0.74.

Insider Buying and Selling

In other news, insider Colin Bird bought 3,000,000 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £30,000. 9.60% of the stock is currently owned by corporate insiders.

Xtract Resources Company Profile

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.