Xtract Resources (LON:XTR) Shares Pass Above 50-Day Moving Average of $1.19

Xtract Resources PLC (LON:XTR)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.19 and traded as high as $1.27. Xtract Resources shares last traded at $1.25, with a volume of 451,403 shares trading hands.

The stock has a market capitalization of $4.35 million and a price-to-earnings ratio of -6.25. The company’s fifty day simple moving average is GBX 1.20 and its 200 day simple moving average is GBX 0.91.

In related news, insider Colin Bird acquired 1,000,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($13,066.77).

Xtract Resources Company Profile (LON:XTR)

Xtract Resources Plc operates as a resource, development, and mining company. Its principal property is the Manica gold project located in Mozambique. The company was formerly known as Xtract Energy PLC and changed its name to Xtract Resources Plc in June 2013. Xtract Resources Plc was founded in 2004 and is based in London, the United Kingdom.

Further Reading: Sell-Side Analysts

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