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Xtra-Gold Resources (TSE:XTG) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Xtra-Gold Resources logo with Basic Materials background

Key Points

  • Xtra-Gold Resources Corp. (TSE:XTG) stock recently surpassed its 50-day moving average of C$2.06, trading as high as C$2.09.
  • The company, which has a market capitalization of C$67.96 million, is engaged in gold exploration in Ghana's Kibi Gold Belt, a region with significant geological similarities to the Ashanti Belt.
  • Xtra-Gold's stock has a notably high P/E ratio of 97.05 and a beta of 0.55, indicating relatively low volatility compared to the market.
  • Want stock alerts on Xtra-Gold Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.06 and traded as high as C$2.09. Xtra-Gold Resources shares last traded at C$2.06, with a volume of 16,448 shares traded.

Xtra-Gold Resources Stock Performance

The stock has a market capitalization of C$73.24 million, a PE ratio of 104.59 and a beta of 0.55. The business has a 50 day moving average of C$2.07 and a two-hundred day moving average of C$2.04.

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.

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