Xtract One Tech (TSE:XTR) Shares Up 0.3% - Here's What Happened

Key Points

• Xtract One Tech's stock price increased by 0.3% to C$11.60, with trading volume higher than the average session.
• The company received a strong-buy rating from Ventum Cap Mkts, contributing to a consensus rating of Strong Buy among analysts.
• The stock's fifty-day moving average stands at C$11.44, indicating positive price momentum.

Xtract One Tech (TSE:XTR - Get Free Report)'s share price rose 0.3% during mid-day trading on Tuesday . The company traded as high as C$11.62 and last traded at C$11.60. Approximately 13,961 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 12,530 shares. The stock had previously closed at C$11.57.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts raised shares of Xtract One Tech to a "strong-buy" rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Xtract One Tech has a consensus rating of "Strong Buy".

Xtract One Tech Stock Performance

The business has a 50 day simple moving average of C$11.46.

Xtract One Tech Company Profile

The investment objective of the Fund is to provide a consistent monthly cash distribution, with the potential for modest long-term capital growth, by investing primarily in exchange-traded funds listed on a recognized Canadian Stock Exchange and managed by BlackRock Canada or an affiliate (Canadian iShares Fund) that provide exposure to a diversified portfolio of income-bearing investments.