Xtra-Gold Resources (TSE:XTG) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of Xtra-Gold Resources Corp. (TSE:XTG) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.37 and traded as low as C$3.33. Xtra-Gold Resources shares last traded at C$3.47, with a volume of 7,500 shares trading hands.

Xtra-Gold Resources Price Performance

The stock has a fifty day moving average price of C$3.37 and a two-hundred day moving average price of C$2.76. The company has a market cap of C$160.81 million, a P/E ratio of 57.83 and a beta of 0.48.

Xtra-Gold Resources (TSE:XTG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$2.65 million during the quarter.

About Xtra-Gold Resources

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.