Xtra-Gold Resources (TSE:XTG) Hits New 52-Week High - Time to 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 - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.50 and last traded at C$2.50, with a volume of 10987 shares changing hands. The stock had previously closed at C$2.49.

Xtra-Gold Resources Stock Up 0.8%

The firm has a fifty day moving average of C$2.26 and a 200-day moving average of C$2.13. The firm has a market cap of C$119.54 million, a P/E ratio of 65.25 and a beta of 0.25.

About Xtra-Gold Resources

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.