Xtra Energy Corp (OTCMKTS:XTPT) Stock Recovers a Bit After Recent Development

On Monday, Xtra Energy Corp (OTCMKTS:XTPT) was in the news after it made a major new announcement and it may be a good time for investors to consider taking a closer look into it. Yesterday, the company announced the specific details with regards to the second bunch of antimony mines that it had managed to claim.

Market Stats      

On Tuesday, XTPT stock moved up 2.37% to $0.11 with more than 115K shares, compared to its average volume of 111K shares. The stock moved within a range of $0.1037 – 0.1239 after opening trading at $0.1075.

Xtra Energy Corp., Announces the Second Group of Historical Antimony Mines Recently Claimed

Not too long ago the company had concluded the filing and recording of a 40 lode claim that stretched across an area of 825 acres. The property in question is situated at the Bernice Mining District and surrounds the County of Churchill in the State of Nevada which is often known as the ‘antimony king’.

It goes without saying that the latest announcement from the company was a significant one and it is going to be interesting to see if it bring the Xtra Energy stock into focus among investors over the coming days or not. Yesterday, the management of the company announced that it had claimed the ownership of as many as three more historically documented antimony mines. It may be a good time for investors to consider adding the Xtra Energy stock to their watch lists.

Key Quote

The XTPT Chairman Mac J. Shahsavar, P. Eng. commented “We continue to prove up an increasing portfolio of antimony-rich assets. Xtra Energy now has 100% claim to five documented antimony mines and just under a 1 million ton inferred reserves all in just three months work. We will continue to carry out further work to prove up this portfolio.”

Traders Corner

XTPT stock is trading above the 20-Day and 50-Day Moving averages of $0.10 and $0.07 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.04.