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 $0.34, up 0.6% from the previous day, and has decreased 11.32% in one year. It has underperformed other stocks in the Gold industry by 0.3 percentage points. Trx Gold stock is currently +18.25% from its 52-week low of $0.29, and -31.22% from its 52-week high of $0.49.
At the moment, there are 280.19M shares of TRX outstanding. The market value of TRX is $94.42M. In the last 24 hours, 483,162 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 choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Trx Gold stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your payment method 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 tools 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 shares at a given price.
- Get updates on your TRX position: Create a watchlist to important updates regarding your position in Trx Gold stock.
Step 1: Figure out where to buy Trx Gold stock
You need an online brokerage account in order to access the NYSEMKT market and buy TRX stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal info so you are able to invest in TRX stock today.
How to Create a New 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.
- Input your personal info to start a new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on the highest rated stock app, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Analyze Trx Gold stock
After you have figured out the best place to buy Trx Gold stock, it's crucial to research their stock prior to investing, so you can wrap your head around the risk and opportunity.
Trx Gold shares data
TRX Overview
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on TRX's stock page.
Is TRX stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge TRX's intrinsic value.
Using relative valuations ratios:
- TRX may be undervalued based on its P/B ratio of 1.72x, relative to Gold industry P/B ratio of 1.82x
You can do more valuation research on TRX's stock here.
TRX Financial Overview
Signs that TRX is financially healthy:
- Total TRX debt is lower than 5 years ago, relative to shareholder equity.
- TRX's operating cash flow of $15.32M allows it to safely service it's debt of $1.34M.
- TRX earnings of $12.35M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the TRX balance sheet.
Signs that TRX is not financially healthy:
- TRX profit margin has gone down from 18.4% to 8.5% in the past year.
- TRX has a relatively high debt to equity ratio of 0.6.
- There are more short-term liabilities than short-term assets on the TRX balance sheet.
Do Wall Street analysts think it's a good time to buy TRX stock
Out of 1 sell side analysts who give recommendations on TRX, the consensus analyst rating on TRX is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Trx Gold stock forecast page.
TRX Technical Indicators
TRX Revenue
Last year, TRX earnings were $3.51M. During the last 1 years, TRX's earnings have increased by -100% per year. This was slower than the Gold industry average of 12.37%.
Last year, TRX revenue was $41.16M. During the last 2 year, TRX's revenue has gone up by 65.13% per year. This was faster than the Gold industry average of 13.2%.
Learn more about TRX's earnings and revenue performance here.
What are TRX insiders up to?
Over the last 12 months, insiders at TRX have not bought or sold any shares.
Learn more about who owns TRX stock here.
Can I get consistent income from TRX stock?
No, Trx Gold doesn't provide an income stream by paying out dividends.
What do other traders have to say about TRX?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your TRX trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you 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, place a limit order.
Press the Open button and eToro will place the order.
If you require additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your TRX position
Now that you own some TRX shares, you'll want to keep up with your shares.
Create a watchlist to track the most important metrics related to your TRX stock.
TRX Feed
How to Buy Stock in Trx Gold
To reiterate, here are the 6 steps to buy Trx Gold stock:
- 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 place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Trx Gold, create a watchlist today.
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