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TRX Gold (TSE:TNX) Shares Cross Above Fifty Day Moving Average - Here's What Happened

TRX Gold logo with Basic Materials background

Key Points

  • TRX Gold's share price crossed above its 50-day moving average, reaching a high of C$44.20 during trading on Wednesday.
  • The company has a market cap of C$12.34 billion and a price-to-earnings ratio of 47.00, indicating potential investor interest.
  • TRX Gold operates in Tanzania, primarily focusing on gold exploration, with key holdings in the Buckreef gold project.
  • Looking to export and analyze TRX Gold data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX's stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$44.04 and traded as high as C$44.20. TRX Gold shares last traded at C$44.20, with a volume of 0 shares traded.

TRX Gold Trading Down 0.4%

The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt-to-equity ratio of 0.19. The business's fifty day moving average is C$43.96 and its 200 day moving average is C$43.82. The firm has a market capitalization of C$12.17 billion, a price-to-earnings ratio of 47.00 and a beta of 0.55.

About TRX Gold

(Get Free Report)

TRX Gold Corporation engages in the exploration, development, and production of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project that comprises a single Special Mining License covering an area of 16.04 square kilometers and 12 Prospecting Licenses covering 98.19 square kilometers located in north-central Tanzania.

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