Xtra-Gold Resources (TSE:XTG) Reaches New 52-Week High - Still a Buy?

Key Points

• Xtra-Gold Resources has reached a new 52-week high of C$2.50, showing a slight increase from its previous close of C$2.49, with a trading volume of 10,987 shares.
• The company has a market capitalization of C$114.50 million and a price-to-earnings ratio of 62.50, indicating strong investor interest despite its modest beta of 0.25.
• Xtra-Gold is a gold exploration firm focused on the Kibi Gold Belt, which has seen limited exploration despite its geological similarities to Ghana’s Ashanti Belt.

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$2.50 and last traded at C$2.50, with a volume of 10987 shares. The stock had previously closed at C$2.49.

Xtra-Gold Resources Price Performance

The company has a market cap of C$114.50 million, a price-to-earnings ratio of 62.50 and a beta of 0.25. The business has a 50 day simple moving average of C$2.21 and a 200 day simple moving average of C$2.11.

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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