Xtract Resources (LON:XTR) Trading Up 18.2% – Time to Buy?

Xtract Resources Plc (LON:XTR) shares traded up 18.2% on Wednesday . The stock traded as high as GBX 0.65 and last traded at GBX 0.65. 5,279,779 shares traded hands during mid-day trading, an increase of 149% from the average session volume of 2,118,729 shares. The stock had previously closed at GBX 0.55.

Xtract Resources Stock Performance

The business’s 50-day moving average price is GBX 0.68 and its 200-day moving average price is GBX 0.74. The stock has a market cap of £5.37 million, a P/E ratio of -7.84 and a beta of 0.06.

Insider Transactions at Xtract Resources

In related news, insider Colin Bird purchased 3,000,000 shares of Xtract Resources stock in a transaction on Friday, November 14th. The stock was acquired at an average price of GBX 1 per share, for a total transaction of £30,000. Corporate insiders own 9.60% 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.