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

TRX Gold Co. (TSE:TNX) (NYSE:TRX) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$41.85 and traded as high as C$42.06. TRX Gold shares last traded at C$41.72, with a volume of 0 shares changing hands.

TRX Gold Trading Up 0.6%

The firm has a market capitalization of C$11.64 billion, a price-to-earnings ratio of -12,321.32 and a beta of -0.03. The business has a 50 day moving average of C$41.85 and a two-hundred day moving average of C$41.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.64 and a current ratio of 0.90.

About TRX Gold

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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.