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

Key Points

• TRX Gold's stock price has fallen below its 50-day moving average of C$41.66, trading at C$39.76 at the time of reporting.
• The company has a market cap of C$11.10 billion and a notably high P/E ratio of -11,742.47, indicating unusual valuation metrics.
• TRX Gold is primarily engaged in the exploration and production of gold deposits in Tanzania, particularly through its Buckreef gold project.

TRX Gold Co. (TSE:TNX - NYSE: TRX's stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$41.66 and traded as low as C$39.71. TRX Gold shares last traded at C$39.76, with a volume of 0 shares changing hands.

TRX Gold Trading Down 1.7%

The stock has a market cap of C$11.10 billion, a P/E ratio of -11,742.47 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 firm's fifty day simple moving average is C$41.66 and its 200-day simple moving average is C$42.89.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.