Xtra-Gold Resources (TSE:XTG) Hits New 52-Week High - Time to Buy?

Key Points

• Xtra-Gold Resources Corp. (TSE:XTG) reached a new 52-week high of C$3.02 on Thursday, closing at C$3.01 with a trading volume of 61,984 shares.
• The company's market capitalization is approximately C$137.86 million and it has a PE ratio of 75.25.
• Xtra-Gold is focused on gold exploration in the Kibi Gold Belt, which shows similar geological features to Ghana's prestigious Ashanti Belt.

Shares of Xtra-Gold Resources Corp. (TSE:XTG - ) hit a new 52-week high on Thursday . The stock traded as high as C$3.02 and last traded at C$3.01, with a volume of 61984 shares traded. The stock had previously closed at C$2.93.

Xtra-Gold Resources Trading Up 2.7%

The firm's 50-day simple moving average is C$2.36 and its two-hundred day simple moving average is C$2.16. The company has a market cap of C$137.86 million, a PE ratio of 75.25 and a beta of 0.25.

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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