Xtra-Gold Resources (TSE:XTG) Reaches New 12-Month High - Time to Buy?

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.

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

Xtra-Gold Resources Stock Performance

The business has a 50-day simple moving average of C$2.10 and a 200 day simple moving average of C$2.06. The stock has a market cap of C$75.22 million, a P/E ratio of 107.42 and a beta of 0.55.

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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