Xtract Resources (LON:XTR) Trading Up 6.7% – Time to Buy?

Shares of Xtract Resources Plc (LON:XTR) were up 6.7% during mid-day trading on Tuesday . The company traded as high as GBX 0.89 and last traded at GBX 0.80. Approximately 4,471,004 shares were traded during trading, an increase of 20% from the average daily volume of 3,736,573 shares. The stock had previously closed at GBX 0.75.

Xtract Resources Price Performance

The business has a fifty day moving average price of GBX 0.66 and a 200 day moving average price of GBX 0.73. The company has a market capitalization of £6.85 million, a price-to-earnings ratio of -10.00 and a beta of 0.06.

Insider Activity at Xtract Resources

In related news, insider Colin Bird acquired 3,000,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £30,000. Company insiders own 9.60% of the company’s stock.

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.