Xtra-Gold Resources (TSE:XTG) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Xtra-Gold Resources Corp. stock price has surpassed its 50-day moving average of C$2.12, reaching a high of C$2.35 during trading on Tuesday.
• The company holds a market capitalization of C$77.53 million and has a P/E ratio of 110.71, indicating high valuation relative to its earnings.
• Xtra-Gold Resources operates in the Kibi Gold Belt, which has significant geological similarities to Ghana's main gold belt but has seen limited modern exploration.

Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.12 and traded as high as C$2.35. Xtra-Gold Resources shares last traded at C$2.35, with a volume of 7,900 shares traded.

Xtra-Gold Resources Stock Down 1.3%

The stock has a 50 day simple moving average of C$2.15 and a 200 day simple moving average of C$2.08. The company has a market cap of C$75.88 million, a price-to-earnings ratio of 108.36 and a beta of 0.55.

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.