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TRX Gold (TSE:TNX) Shares Pass 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's stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$43.10 and traded as high as C$43.44. TRX Gold shares last traded at C$43.33, with a volume of 0 shares changing hands.

TRX Gold Trading Down 1.9 %

The firm has a fifty day simple moving average of C$42.98 and a two-hundred day simple moving average of C$42.51. The stock has a market cap of C$12.01 billion, a PE 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.

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.

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