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Xtra-Gold Resources (TSE:XTG) Sets New 1-Year High - What's Next?

Xtra-Gold Resources logo with Basic Materials background

Key Points

  • Xtra-Gold Resources Corp. reached a new 52-week high of C$2.70 during trading, with the last traded price at C$2.69.
  • The company has a market cap of C$123.20 million and a P/E ratio of 67.25.
  • Xtra-Gold focuses on gold exploration in the Kibi Gold Belt, which has seen limited modern exploration compared to its potential lode gold deposits.
  • Five stocks to consider instead of Xtra-Gold Resources.

Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$2.70 and last traded at C$2.69, with a volume of 42100 shares changing hands. The stock had previously closed at C$2.67.

Xtra-Gold Resources Price Performance

The stock has a market cap of C$123.66 million, a price-to-earnings ratio of 67.50 and a beta of 0.25. The business's 50 day moving average is C$2.31 and its 200 day moving average is C$2.15.

About Xtra-Gold Resources

(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.

Further Reading

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