Xtra-Gold Resources (TSE:XTG) Hits New 1-Year High - Here's Why

Key Points

• Xtra-Gold Resources Corp. (TSE:XTG) reached a new 52-week high with shares trading at C$3.25 on Monday.
• The company has a market cap of C$146.56 million and a high price-to-earnings ratio of 80.00, indicating strong demand for its stock.
• Xtra-Gold operates in the Kibi Gold Belt, which shares similar geological features with Ghana's Ashanti Belt, but has seen limited exploration for lode gold deposits.

Xtra-Gold Resources Corp. (TSE:XTG - )'s share price reached a new 52-week high during trading on Monday . The company traded as high as C$3.25 and last traded at C$3.22, with a volume of 19800 shares. The stock had previously closed at C$3.19.

Xtra-Gold Resources Price Performance

The stock has a market cap of C$146.56 million, a price-to-earnings ratio of 80.00 and a beta of 0.31. The stock has a fifty day moving average of C$2.65 and a 200 day moving average of C$2.27.

Xtra-Gold Resources Company Profile

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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