When Xtra-Gold Resources Corp. (OTC:XTGR) last reported on its Ghanaian Kibi Project on Nov. 9, its stock went up 4.5%, shifting 35 thousand shares in volume.
By contrast, XTGR only gained 2.4% on a volume of 18 thousand during the latest trading session when there were no news to support a bigger jump. Thus, XTGR ended its pre-Thanksgiving market performance on a positive note.
A quick glance at our promotional database shows that XTGR stock has never been subject to paid advertising campaigns, which is why it is by no means among the most volatile penny stocks out there. That is why, regular investors have no other option but rely on as much corporate information as possible to make their investment decisions.
In terms of finance, XTGR is a regular SEC filer and a transparent information provider. On Nov. 10, the company submitted its third consecutive 10-Q report for 2011. Covering the three-month period ended Sep. 30, XTGR’s financial performance was determined by:
- cash reserves in excess of $5.6 million;
- working capital surplus of $7.4 million and net worth of $10 million;
- consolidated quarterly loss of $2.15 million.
Although XTGR’s current financial state appears to be safe and sound, it could easily deteriorate at a breakneck pace if the company’s drilling program in Ghana fails to strike huge deposits of gold. Nevertheless, in the light of the company’s latest update on the project, a positive scenario still remains a real possibility.
