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.
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.
Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
Put funds into your brokerage account: Select your method of payment and add your information.
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).
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.
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.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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
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%.
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.
If you want additional assistance buying stocks on eToro, click the how to video below:
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.
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.