TRX Gold (TSE:TNX) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• TRX Gold's stock price has fallen below its 50-day moving average of C$43.20, trading as low as C$42.15.
• The company has a market capitalization of C$11.80 billion and a notably high P/E ratio of -12,483.76.
• TRX Gold is involved in the exploration and production of gold deposits in Tanzania, notably through its Buckreef gold project.

TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$43.20 and traded as low as C$42.15. TRX Gold shares last traded at C$42.27, with a volume of 0 shares changing hands.

TRX Gold Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.64 and a current ratio of 0.90. The stock has a market cap of C$11.65 billion, a price-to-earnings ratio of -12,333.14 and a beta of -0.03. The business's fifty day simple moving average is C$43.16 and its 200 day simple moving average is C$43.33.

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.