Xtra-Gold Resources (TSE:XTG) Reaches New 12-Month Low – Time to Sell?

Xtra-Gold Resources Corp. (TSE:XTG – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$2.23 and last traded at C$2.23, with a volume of 11,026 shares trading hands. The stock had previously closed at C$2.30.

Xtra-Gold Resources Price Performance

The firm has a market capitalization of C$103.66 million, a price-to-earnings ratio of 24.78 and a beta of 0.45. The firm’s 50-day simple moving average is C$2.65 and its 200 day simple moving average is C$2.86.

About Xtra-Gold Resources

(Get Free Report)

Xtra-Gold Resources Corp. is a gold exploration company with a substantial land position totaling 226 square kilometers in the Kibi Gold Belt of Ghana, West Africa. The Kibi Gold Belt is geologically similar and in close proximity to the world-renowned Ashanti Gold Belt , which hosts an estimated 130 million ounces of gold resources. With an established land position, strong financial footing, and experienced technical team, Xtra-Gold is strategically positioned to make the next major gold discovery in Ghana .

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