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TRX Gold (TSE:TNX) Shares Pass Below Fifty Day Moving Average - What's Next?

TRX Gold logo with Basic Materials background

Key Points

  • TRX Gold Co. (TSE:TNX) shares fell below the 50-day moving average of C$43.39 during trading, reaching a low of C$42.96 before closing at C$43.30.
  • The company has a market capitalization of C$12.08 billion, a P/E ratio of 47.00, and operates primarily in gold exploration and production in Tanzania.
  • TRX Gold holds interests in the Buckreef gold project, which includes a Special Mining License and numerous Prospecting Licenses in north-central Tanzania.
  • MarketBeat previews the top five stocks to own by October 1st.

TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$43.39 and traded as low as C$42.96. TRX Gold shares last traded at C$43.30, with a volume of 0 shares trading hands.

TRX Gold Price Performance

The firm has a market capitalization of C$11.74 billion, a price-to-earnings ratio of -12,424.69 and a beta of -0.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.64 and a current ratio of 0.90. The company has a 50-day moving average of C$43.27 and a 200-day moving average of C$43.43.

TRX Gold Company Profile

(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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