Xtra-Gold Resources (TSE:XTG) Hits New 52-Week High - Here's Why

Key Points

• Xtra-Gold Resources Corp. has reached a new 52-week high of C$2.21 during trading, showing a stock price increase from a previous close of C$2.19.
• The company, with a market cap of C$73.24 million, has a P/E ratio of 104.59 and a beta of 0.55, indicating relatively low volatility compared to the market.
• Xtra-Gold Resources operates in the Kibi Gold Belt, which presents significant gold exploration potential but has experienced limited modern exploration efforts.

Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$2.21 and last traded at C$2.21, with a volume of 7334 shares traded. The stock had previously closed at C$2.19.

Xtra-Gold Resources Stock Performance

The company has a market capitalization of C$73.24 million, a P/E ratio of 104.59 and a beta of 0.55. The company's 50 day moving average is C$2.07 and its 200-day moving average is C$2.04.

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.