TRX Gold (TSE:TNX) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

by · The Markets Daily

TRX Gold Co. (TSE:TNX – Get Free Report) (NYSE:TRX)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$36.07 and traded as high as C$41.00. TRX Gold shares last traded at C$40.96, with a volume of 0 shares.

TRX Gold Stock Up 2.0 %

The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market capitalization of C$11.43 billion, a price-to-earnings ratio of 47.00 and a beta of 0.55. The business’s 50-day moving average is C$36.12 and its 200-day moving average is C$39.57.

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.

Featured Stories