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TRX Gold (TSE:TNX) Share Price Passes Below 50 Day Moving Average - Time to Sell?

TRX Gold logo with Basic Materials background

TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX's share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$43.98 and traded as low as C$43.42. TRX Gold shares last traded at C$43.46, with a volume of 0 shares trading hands.

TRX Gold Price Performance

The firm has a market cap of C$12.43 billion, a price-to-earnings ratio of 47.00 and a beta of 0.55. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of C$44.08 and a 200 day moving average of C$44.06.

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.

Further Reading

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