Xtra-Gold Resources (TSE:XTG) Hits New 52-Week High – Still a Buy?

by · The Cerbat Gem

Xtra-Gold Resources Corp. (TSE:XTG – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$3.50 and last traded at C$3.43, with a volume of 92959 shares traded. The stock had previously closed at C$3.36.

Xtra-Gold Resources Trading Up 3.0%

The stock has a market capitalization of C$160.35 million, a price-to-earnings ratio of 57.67 and a beta of 0.48. The business has a 50 day simple moving average of C$3.27 and a 200-day simple moving average of C$2.64.

Xtra-Gold Resources (TSE:XTG – Get Free Report) last released its earnings results on Tuesday, October 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$2.65 million during the quarter.

Xtra-Gold Resources Company Profile

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Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.

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