Xtract Resources (LON:XTR) Trading Down 12.7% – Time to Sell?

Xtract Resources Plc (LON:XTR)’s stock price traded down 12.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.61 ($0.01) and last traded at GBX 0.61 ($0.01). 698,077 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 1,054,258 shares. The stock had previously closed at GBX 0.70 ($0.01).

Xtract Resources Price Performance

The company has a 50 day moving average of GBX 0.72 and a 200 day moving average of GBX 0.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 7.07. The stock has a market capitalization of £5.23 million, a price-to-earnings ratio of -3.08 and a beta of 0.06.

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.