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TRX Gold (TSE:TNX) Shares Cross Above 50 Day Moving Average - Here's Why

TRX Gold logo with Basic Materials background

TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$42.89 and traded as high as C$42.93. TRX Gold shares last traded at C$42.66, with a volume of 0 shares trading hands.

TRX Gold Price Performance

The stock has a market cap of C$11.81 billion, a price-to-earnings ratio of 47.00 and a beta of 0.55. The company's 50 day moving average is C$42.71 and its 200 day moving average is C$42.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.90 and a quick ratio of 0.64.

About TRX Gold

(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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