TRX Gold (TSE:TNX) Stock Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• TRX Gold's stock price has crossed below its 50-day moving average of C$43.07, trading as low as C$40.44, signaling potential concerns for investors.
• The company holds a market cap of C$11.29 billion with a significant negative price-to-earnings ratio of -11,949.20, indicating that its earnings are not currently positive.
• TRX Gold primarily explores for gold deposits in Tanzania, holding interests in projects such as the Buckreef gold project, which covers an area of 16.04 square kilometers.

TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX's stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$43.07 and traded as low as C$40.44. TRX Gold shares last traded at C$40.46, with a volume of 0 shares changing hands.

TRX Gold Stock Up 1.2%

The firm has a market cap of C$11.33 billion, a price-to-earnings ratio of -11,993.50 and a beta of -0.03. 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 stock has a 50-day moving average of C$42.91 and a 200-day moving average of C$43.18.

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.