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How to Buy Trx Gold Stock

Trx Gold Corp

Tanzanian Gold Corporation engages in the exploration and development of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits.

Trx Gold stock last closed at $0.39, down 0.26% from the previous day, and has decreased 19.92% in one year. It has underperformed other stocks in the Gold industry by 0.08 percentage points. Trx Gold stock is currently +23.81% from its 52-week low of $0.32, and -34.67% from its 52-week high of $0.60.

There are currently 279.09M TRX shares outstanding. The market capitalization of TRX is $108.85M. In the past 24 hours, 194,263 TRX shares were traded.

How to Buy Trx Gold Stock

Not sure how to invest in Trx Gold stock? Here's how.
  1. Figure out where to buy Trx Gold stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Trx Gold stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your method of payment and add your information.
  4. Analyze Trx Gold stock: The Trx Gold ticker symbol is TRX. Is Trx Gold stock a good investment? Should you buy shares of TRX? How do TRX's underlying business fundamentals look? Do top analysts think Trx Gold is a good buy? Why has TRX's stock price moved recently? (Hint: Our stock market research website can help you evaluate if TRX is a good stock to buy).
  5. Make your TRX trade: Decide if you will purchase TRX shares at the current market price or use a limit order to buy TRX stock at a particular price.
  6. Get updates on your TRX position: Create a watchlist to key updates about your new investment in Trx Gold stock.

Step 1: Figure out where to buy Trx Gold stock

You will need an online brokerage account to access the NYSEMKT market and buy TRX stock.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen the right brokerage, you need to fill out some personal details so you are able to invest in TRX today.

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  2. Provide your personal details to start your new trading account.
  1. Send your data by pressing the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you've filled out your info on app for stock market, you need to deposit funds:

Check out the video below for more details transferring funds into your new investment account.

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Step 4: Analyze Trx Gold stock

Once you have chosen the best place to buy Trx Gold stock, it's important to research their stock before you invest, so you truly understand the risk as well as the upside.

Trx Gold Numbers

TRX Price
$0.39
1w %
-2.26%
1y %
-19.92%
5y %
-36.38%
P/E
39x
P/B
2.04x
P/S
2.87x
PEG
N/A
Revenue
$38.01M
Earnings
$1.85M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$108.85M
Next Earnings
Apr 12, 2024
Next Dividend
N/A

TRX Due Diligence Checks

WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.

You can view all of the due diligence checks on TRX's stock page.

Is TRX stock overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge TRX's intrinsic value.

Using relative valuations methods:

  • TRX may be overvalued based on its P/E ratio of 39x, relative to Gold industry P/E ratio of 9.86x
  • TRX may be overvalued based on its P/B ratio of 2.04x, relative to Gold industry P/B ratio of 1.5x

You can do additional valuation research on TRX's stock here.

TRX Financial Summary

Signs that TRX is financially healthy:

  • TRX has $8.33M in cash and short term investments. This is sufficient to cover its annual cash burn of $324.00k.
  • Total TRX debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than long-term liabilities on the TRX balance sheet.
  • TRX has cash burn of 324000. It has enough cash and short-term investments to cover this for at least one year.

Signs that TRX is not financially healthy:

  • There are more short-term liabilities than short-term assets on the TRX balance sheet.
  • TRX profit margin has gone down from 20.1% to 4.9% in the past year.
  • TRX has a relatively high debt to equity ratio of 0.48.

Metrics for Advanced TRX Traders

SMA10
0.38
SMA20
0.36
SMA50
0.35
SMA100
0.37
SMA200
0.39
MACD
0.01
MACD Signal
0.01
MACD Histogram
0
RSI
62.83
Stochastic %K
88.33
Stochastic %D
90.28
StochRSI %K
74.48
StochRSI %D
78.27

TRX Growth Metrics

Last year, TRX revenue was $38.01M. In the last one years, TRX's revenue has gone up by 53.18% per year. This was faster than the Gold industry average of 12.33%.

You can research TRX's earnings and revenue performance here.

What are TRX executives and large shareholders up to?

In the past 12 months, insiders at TRX have not bought or sold any shares.

Dig into more about who owns TRX shares here.

Does TRX provide a stable income stream?

No, Trx Gold doesn't provide an income stream by paying out dividends.

TRX Social Trading Data

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Make your TRX trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.

Hit the Open Trade button and eToro will place your order.

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Step 6: Get updates on your TRX position

Now that you own some TRX stock, you'll want to keep up with your stock purchase.

Put TRX on a watchlist to track the latest developments regarding your TRX stock.

TRX Feed

How to Buy Stock in Trx Gold

To reiterate, here are the 6 steps to buy Trx Gold stock:

  1. Figure out where to buy Trx Gold stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Analyze Trx Gold stock
  5. Make your TRX trade
  6. Get updates on your TRX position

If you require a online brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Trx Gold, add TRX to your watchlist by clicking the button below.

NYSEMKT: TRX
$0.39-0.00 (-0.26%)
Updated Mar 18, 2024
Open eToro Account
NYSEMKT: TRX
$0.39-0.00 (-0.26%)
Updated Mar 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Trx Gold share?

As of Mar 18, 2024, it costs $0.39 to buy one share of Trx Gold stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.2, you can buy 0.5 shares of TRX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Trx Gold stock?

One way to place an order for Trx Gold stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.