Xtra-Gold Resources (TSE:XTG) Sets New 1-Year High - Here's Why

Key Points

• Xtra-Gold Resources Corp. reached a new 52-week high share price of C$2.45 during trading on Tuesday, with a last traded price of C$2.44.
• The company's market capitalization stands at C$111.75 million, and it has a relatively high price-to-earnings ratio of 61.00.
• Xtra-Gold is primarily focused on gold exploration, holding a significant land position in the Kibi Gold Belt, which has seen limited modern exploration efforts.

Shares of Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$2.45 and last traded at C$2.44, with a volume of 19942 shares traded. The stock had previously closed at C$2.42.

Xtra-Gold Resources Stock Performance

The company has a 50 day moving average of C$2.21 and a 200 day moving average of C$2.11. The stock has a market capitalization of C$114.04 million, a price-to-earnings ratio of 62.25 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.