Tanzanian Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Tanzanian Gold (NYSE:TRXGet Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the stock.

Shares of NYSE TRX opened at $0.30 on Wednesday. The company’s 50 day simple moving average is $0.34. 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 cap of $82.30 million, a price-to-earnings ratio of -10.00 and a beta of 0.76.

Tanzanian Gold (NYSE:TRXGet Rating) last released its earnings results on Thursday, April 14th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $3.33 million for the quarter.

Tanzanian Gold Company Profile (Get Rating)

Tanzanian Gold Corporation engages in the acquisition, financing, exploration and development 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 located in north-central Tanzania. The company was formerly known as Tanzanian Royalty Exploration Corporation and changed its name to Tanzanian Gold Corporation in April 2019.

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