TRX Gold (TSE:TNX) Given “Buy” Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of TRX Gold (TSE:TNX – Get Rating) (NYSE:TRX) in a research note issued to investors on Tuesday morning. They currently have a C$1.10 target price on the stock.

TRX Gold Stock Performance

TNX stock opened at C$0.63 on Tuesday. The stock has a 50-day moving average price of C$0.58 and a 200-day moving average price of C$0.54. TRX Gold has a 1-year low of C$0.35 and a 1-year high of C$0.71. The company has a current ratio of 1.10, a quick ratio of 0.64 and a debt-to-equity ratio of 0.25. The firm has a market cap of C$174.33 million, a PE ratio of -12.73 and a beta of 0.53.

About TRX Gold

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TRX Gold Corporation engages in the exploration, development, and production of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project that comprises a single Special Mining License covering an area of 16.04 square kilometers and 12 Prospecting Licenses covering 98.19 square kilometers located in north-central Tanzania.