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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. 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.
  • Want stock alerts on Xtra-Gold Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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$2.12 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 Trading Up 1.3%

The company has a market capitalization of C$76.87 million, a PE ratio of 109.77 and a beta of 0.55. The business's fifty day moving average is C$2.14 and its two-hundred day moving average is C$2.08.

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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