Xtract Resources (LON:XTR) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Xtract Resources Plc (LON:XTRGet Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.59 ($0.01) and traded as low as GBX 0.51 ($0.01). Xtract Resources shares last traded at GBX 0.57 ($0.01), with a volume of 554,598 shares traded.

Xtract Resources Trading Up 2.7 %

The firm has a market cap of £4.52 million, a PE ratio of -36.92 and a beta of 0.06. The company has a 50-day simple moving average of GBX 0.52 and a 200 day simple moving average of GBX 0.59.

About Xtract Resources

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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.

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