TRX Gold (TSE:TNX) Stock Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• TRX Gold (TSE:TNX) shares have fallen below their **200-day moving average** of C$43.00, trading as low as **C$41.13**.
• The company has a **market capitalization** of **C$11.52 billion** and a very high price-to-earnings ratio of **-12,188.42**.
• TRX Gold is focused on the **exploration** and **production** of gold deposits in Tanzania, notably through its **Buckreef gold project**.

TRX Gold Co. (TSE:TNX - NYSE: TRX's share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.00 and traded as low as C$41.13. TRX Gold shares last traded at C$41.27, with a volume of 0 shares.

TRX Gold Trading Down 0.8%

The firm has a market capitalization of C$11.52 billion, a price-to-earnings ratio of -12,188.42 and a beta of -0.03. The company has a fifty day moving average price of C$41.95 and a two-hundred day moving average price of C$43.00. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.19.

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.

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