TRX Stock Summary and Trading Ideas (TRX Gold | AMEX:TRX)

TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.

TRX Gold trades on the AMEX stock market under the symbol TRX.

As of May 13, 2024, TRX stock price declined to $0.44 with 76,868 million shares trading.

TRX has a beta of 0.04, meaning it tends to be less sensitive to market movements. TRX has a correlation of 0.00 to the broad based SPY ETF.

TRX has a market cap of $122.02 million. This is considered a Micro Cap stock.

Last quarter TRX Gold reported $8 million in Revenue and $.00 earnings per share. This fell short of revenue expectation by $-3 million and met earnings estimates .

In the last 3 years, TRX stock traded as high as $.60 and as low as $.26.

TRX has underperformed the market in the last year with a price return of -22.8% while the SPY ETF gained +27.8%. However, in the short term, TRX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +26.1% vs +4.3% return in SPY. But in the last 2 weeks, TRX shares have been beat by the market, returning -4.3% compared to an SPY return of +2.5%.

TRX support price is $.44 and resistance is $.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRX stock will trade within this expected range on the day.