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Xtra-Gold Resources (TSE:XTG) Sets New 12-Month High - Here's Why

Xtra-Gold Resources logo with Basic Materials background

Key Points

  • Xtra-Gold Resources reached a new 52-week high, trading at C$2.30 with a volume of 2244 shares.
  • The company has a market capitalization of C$75.22 million and a P/E ratio of 107.42.
  • Xtra-Gold is focused on exploration in the Kibi Gold Belt, which has seen limited modern exploration targeting lode gold deposits.
  • MarketBeat previews top five stocks to own in October.

Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$2.30 and last traded at C$2.30, with a volume of 2244 shares changing hands. The stock had previously closed at C$2.28.

Xtra-Gold Resources Trading Up 0.9%

The firm's 50-day moving average price is C$2.12 and its 200 day moving average price is C$2.07. The company has a market capitalization of C$77.53 million, a price-to-earnings ratio of 110.71 and a beta of 0.55.

Xtra-Gold Resources Company Profile

(Get Free Report)

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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