Xtract Resources (LON:XTR) Shares Pass Above 50-Day Moving Average – Time to Sell?

Xtract Resources Plc (LON:XTR) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 0.77 and traded as high as GBX 1. Xtract Resources shares last traded at GBX 0.94, with a volume of 7,452,010 shares.

Xtract Resources Trading Down 1.1%

The stock’s 50 day moving average price is GBX 0.77 and its two-hundred day moving average price is GBX 0.76. The firm has a market capitalization of £8.05 million, a PE ratio of -11.75 and a beta of 0.06.

Insider Activity at Xtract Resources

In other Xtract Resources news, insider Colin Bird acquired 3,000,000 shares of the firm’s stock in a transaction on 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 company 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.