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TRX Gold (TSE:TNX) Stock Passes Above Fifty Day Moving Average - Here's Why

TRX Gold logo with Basic Materials background

Shares of TRX Gold Co. (TSE:TNX - Get Free Report) NYSE: TRX 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 traded.

TRX Gold Trading Up 2.0 %

The business's 50 day moving average price is C$36.07 and its two-hundred day moving average price is C$39.58. 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 company has a market capitalization of C$11.43 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.

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