Xtra-Gold Resources (TSE:XTG) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Xtra-Gold Resources Corp. shares have surpassed their 50-day moving average of C$2.18, trading as high as C$2.45 recently.
• The company's market capitalization stands at C$111.75 million, with a P/E ratio of 61.00 and a beta of 0.25, indicating low volatility.
• Xtra-Gold is focused on gold exploration in the Kibi Gold Belt, which has seen limited modern exploration efforts compared to Ghana's main gold belt.

Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.18 and traded as high as C$2.45. Xtra-Gold Resources shares last traded at C$2.44, with a volume of 19,942 shares traded.

Xtra-Gold Resources Stock Performance

The stock's 50-day moving average price is C$2.21 and its two-hundred day moving average price is C$2.11. The stock has a market capitalization of C$114.04 million, a PE ratio of 62.25 and a beta of 0.25.

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.