Free Trial

Xtra-Gold Resources (TSE:XTG) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

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.
  • Interested in Xtra-Gold Resources? Here are five stocks we like better.

Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 Trading Up 1.4%

The firm has a market cap of C$73.24 million, a price-to-earnings ratio of 104.59 and a beta of 0.55. The company's 50-day moving average is C$2.07 and its 200-day moving average is C$2.03.

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.

See Also

Should You Invest $1,000 in Xtra-Gold Resources Right Now?

Before you consider Xtra-Gold Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xtra-Gold Resources wasn't on the list.

While Xtra-Gold Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines