TRX Gold (TSE:TNX) Stock Passes Above 50 Day Moving Average – What’s Next?

TRX Gold Co. (TSE:TNXGet Free Report) (NYSE:TRX)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$37.11 and traded as high as C$37.52. TRX Gold shares last traded at C$37.43, with a volume of 0 shares traded.

TRX Gold Price Performance

The company has a market capitalization of C$10.74 billion, a price-to-earnings ratio of 47.00 and a beta of 0.55. 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 50 day simple moving average of C$36.92 and a 200 day simple moving average of C$37.64.

TRX Gold Company Profile

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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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