Xtract Resources (LON:XTR) Stock Price Down 9.1% – Here’s Why

Xtract Resources Plc (LON:XTR)’s stock price dropped 9.1% during mid-day trading on Friday . The company traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.50 ($0.01). Approximately 400,000 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 492,254 shares. The stock had previously closed at GBX 0.55 ($0.01).

Xtract Resources Stock Down 9.1 %

The stock has a market cap of £4.28 million, a P/E ratio of -3.08 and a beta of 0.06. The company has a current ratio of 7.07, a quick ratio of 1.99 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is GBX 0.52 and its 200 day moving average is GBX 0.64.

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.