TRX Gold (TSE:TNX) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of TRX Gold Co. (TSE:TNXGet Free Report) (NYSE:TRX) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$37.39 and traded as high as C$43.32. TRX Gold shares last traded at C$43.24, with a volume of 0 shares trading hands.

TRX Gold Price Performance

The firm has a market cap of C$12.07 billion, a P/E ratio of 47.00 and a beta of 0.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.90 and a quick ratio of 0.64. The company’s 50-day moving average is C$37.39 and its two-hundred day moving average is C$38.51.

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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