TRX Gold (TSE:TNX) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Shares of TRX Gold Co. (TSE:TNX) have crossed below their 50-day moving average of C$42.72, closing at C$40.76.
• The company has a market capitalization of C$11.38 billion and exhibits a highly negative PE ratio of -12,037.80.
• TRX Gold is actively involved in the exploration and production of gold deposits through its interests in projects located in Tanzania.

TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$42.72 and traded as low as C$39.92. TRX Gold shares last traded at C$40.76, with a volume of 0 shares.

TRX Gold Price Performance

The stock has a 50 day moving average of C$42.66 and a two-hundred day moving average of C$43.12. The stock has a market cap of C$11.55 billion, a PE ratio of -12,223.86 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.

TRX Gold Company Profile

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.