Xtract Resources (LON:XTR) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Xtract Resources Plc (LON:XTR)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.79 and traded as low as GBX 0.58. Xtract Resources shares last traded at GBX 0.58, with a volume of 1,792,913 shares.

Xtract Resources Trading Up 1.2%

The stock’s 50 day moving average price is GBX 0.80 and its 200 day moving average price is GBX 0.79. The company has a market capitalization of £4.98 million, a price-to-earnings ratio of -7.28 and a beta of 0.06.

Insider Activity at Xtract Resources

In related news, insider Colin Bird acquired 3,000,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was bought at an average price of GBX 1 per share, with a total value of £30,000. Insiders own 8.86% of the company’s stock.

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.