TRX Gold (TSE:TNX) Stock Crosses Above 50 Day Moving Average – Time to Sell?

TRX Gold Co. (TSE:TNXGet Free Report) (NYSE:TRX)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$40.75 and traded as high as C$42.04. TRX Gold shares last traded at C$41.64, with a volume of 0 shares changing hands.

TRX Gold Price Performance

The firm has a market cap of C$11.71 billion, a P/E ratio of -12,386.30 and a beta of -0.03. The business’s fifty day simple moving average is C$40.76 and its 200-day simple moving average is C$42.18. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.19.

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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