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 $0.47, up 2.39% from the previous day, and has decreased 11.8% in one year. It has underperformed other stocks in the Gold industry by 0.02 percentage points. Trx Gold stock is currently +49.52% from its 52-week low of $0.32, and -21.11% from its 52-week high of $0.60.
There are currently 279.24M TRX shares outstanding. The market capitalization of TRX is $131.52M. In the past 24 hours, 434,959 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.
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Open eToro AccountStep 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.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
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.
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 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 47.1x, relative to Gold industry P/E ratio of 11.24x
- TRX may be overvalued based on its P/B ratio of 2.39x, relative to Gold industry P/B ratio of 1.71x
You can do additional valuation research on TRX's stock here.
TRX Financial Summary
Signs that TRX is financially healthy:
- TRX has $7.96M in cash and short term investments. This is sufficient to cover its annual cash burn of $1.14M.
- 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 1138000. 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 18.8% to 10.6% in the past year.
- TRX has a relatively high debt to equity ratio of 0.44.
Is TRX stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who give ratings on TRX, the consensus analyst rating on TRX is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Trx Gold stock forecast page.
TRX Momentum
TRX Performance Metrics
Last year, TRX earnings were $3.82M. In the last one years, TRX's earnings have increased by 0% per year. This was slower than the Gold industry average of 11.66%.
Last year, TRX revenue was $35.89M. In the last 2 year, TRX's revenue has increased by 228.11% per year. This was faster than the Gold industry average of 15.79%.
Learn more about TRX's earnings and revenue performance here.
Latest Insiders Trades at TRX
In the past 12 months, executives and large shareholders at TRX have not bought or sold any shares.
Learn more about who owns TRX stock 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 biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your TRX trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.
Press the Open button and eToro will place the order.
If you want more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your TRX position
Now that you own some TRX stock, you'll want to keep up with your new company.
Make a watchlist to get alerted to the latest events about your TRX stock.
TRX Feed
How to Buy Stock in Trx Gold
To summarize, here are the 6 steps to buy stock in Trx Gold:
- Figure out where to buy Trx Gold stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Trx Gold stock
- Make your TRX trade
- Get updates on your TRX position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Trx Gold, hit the button below to create your watchlist.
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