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TRX Gold (TSE:TNX) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

TRX Gold logo with Basic Materials background

Shares of TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$43.95 and traded as high as C$44.54. TRX Gold shares last traded at C$44.52, with a volume of 0 shares traded.

TRX Gold Price Performance

The company's 50-day simple moving average is C$43.98 and its 200-day simple moving average is C$44.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.90 and a quick ratio of 0.64. The stock has a market capitalization of C$12.27 billion, a price-to-earnings ratio of 47.00 and a beta of 0.55.

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.

Further Reading

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