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Xstate Resources (Xstate Resources) 6-Month Price Index : 1.00 (As of Jun. 09, 2024)


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What is Xstate Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-09), Xstate Resources's 6-Month Price Index is 1.00.

Competitive Comparison of Xstate Resources's 6-Month Price Index

For the Oil & Gas E&P subindustry, Xstate Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Xstate Resources  (OTCPK:XSTLF) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Xstate Resources  (OTCPK:XSTLF) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Xstate Resources 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Xstate Resources's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Xstate Resources (Xstate Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xstate Resources Ltd (OTCPK:XSTLF) » Definitions » 6-Month Price Index
Comparable Companies
ASX:SGC ASX:EMP ASX:MEL ASX:IPB ASX:AXP ASX:SHE ASX:WEL ASX:VSR ASX:WBE ASX:KEY COP HKSE:00883 TSX:CNQ EOG OXY HES MIC:NVTK ASX:WDS FANG DVN
Traded in Other Exchanges
XST:Australia
Address
Level 1, 31 Cliff Street, Fremantle, WA, AUS, 6160
Website
https://www.xstateresources.com.au
Xstate Resources Ltd is engaged in oil and gas exploration. The Group currently operates in three operating segments: (i) Oil & gas exploration activities on-shore the United States of America, (ii) Oil & gas exploration activities on-shore Austria, and (iii) Oil & gas production activities on-shore Canada. It holds various working interests in a small number of producing gas wells and, more importantly, associated land leases and production and pipeline access equipment in the Sacramento Basin, California.

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