Xtract Resources (LON:XTR) Hits New 1-Year Low – Should You Sell?

Xtract Resources Plc (LON:XTR)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.60 ($0.01), with a volume of 96720 shares trading hands. The stock had previously closed at GBX 0.55 ($0.01).

Xtract Resources Stock Performance

The stock’s 50-day moving average price is GBX 0.70 and its 200-day moving average price is GBX 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.07 and a quick ratio of 1.99. The company has a market cap of £5.01 million, a P/E 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.