Xtra-Gold Resources (TSE:XTG) Sets New 52-Week High - Here's What Happened

Key Points

• Xtra-Gold Resources Corp. reached a new 52-week high, with its stock price trading at C$2.23.
• The company, which has a market capitalization of C$73.57 million, operates in the Kibi Gold Belt, an area with limited modern exploration focused on lode gold deposits.
• Xtra-Gold Resources has a P/E ratio of 105.06 and a beta of 0.55, indicating lower volatility compared to the overall market.

Xtra-Gold Resources Corp. (TSE:XTG - )'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$2.23 and last traded at C$2.23, with a volume of 200 shares trading hands. The stock had previously closed at C$2.23.

Xtra-Gold Resources Price Performance

The stock has a market capitalization of C$73.57 million, a P/E ratio of 105.06 and a beta of 0.55. The firm's 50 day moving average price is C$2.08 and its 200 day moving average price 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.

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