Begins Coverage on Tanzanian Gold (NYSE:TRX) started coverage on shares of Tanzanian Gold (NYSE:TRXGet Rating) in a research note issued on Monday. The firm set a “sell” rating on the stock.

Shares of NYSE TRX opened at $0.31 on Monday. Tanzanian Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.60. The firm has a market capitalization of $84.64 million, a P/E ratio of -15.43 and a beta of 0.76. The business has a 50-day simple moving average of $0.35.

About Tanzanian Gold (Get Rating)

Tanzanian Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company’s Buckreef Project is located in the Geita District of the Geita Region south of Lake Victoria, approximately 110 kilometers southwest of the city of Mwanza, Tanzania.

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