StockNews.com began coverage on shares of Tanzanian Gold (NYSE:TRX – Get Rating) in a report released on Saturday. The brokerage set a “sell” rating on the stock.
Shares of NYSE:TRX opened at $0.31 on Friday. The company has a market capitalization of $83.89 million, a price-to-earnings ratio of -10.19 and a beta of 0.75. Tanzanian Gold has a twelve month low of $0.26 and a twelve month high of $0.60. The stock’s 50-day simple moving average is $0.31.
Tanzanian Gold (NYSE:TRX – Get Rating) last issued its earnings results on Thursday, April 14th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $3.33 million for the quarter.
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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