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TRX Gold (TSE:TNX) Shares Cross Below 50 Day Moving Average - Here's What Happened

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.
  • 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 shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 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.

TRX Gold Stock Performance

The business has a fifty day simple moving average of C$43.30 and a 200-day simple moving average of C$43.47. 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 firm has a market cap of C$11.88 billion, a P/E ratio of 47.00 and a beta of 0.55.

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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