Tanzanian Gold (NYSE:TRX) Now Covered by HC Wainwright

HC Wainwright began coverage on shares of Tanzanian Gold (NYSE:TRXGet Rating) in a research report issued on Tuesday, Stock Target Advisor reports. The firm set a “buy” rating and a $0.70 price target on the stock. HC Wainwright’s target price indicates a potential upside of 124.00% from the company’s current price.

Separately, StockNews.com initiated coverage on shares of Tanzanian Gold in a research report on Saturday. They set a “sell” rating on the stock.

TRX traded down $0.01 during trading hours on Tuesday, hitting $0.31. The company’s stock had a trading volume of 600 shares, compared to its average volume of 1,410,128. The firm has a 50-day moving average of $0.31. Tanzanian Gold has a 12 month low of $0.26 and a 12 month high of $0.60. The firm has a market cap of $85.73 million, a PE ratio of -10.42 and a beta of 0.75.

Tanzanian Gold (NYSE:TRXGet Rating) last announced its quarterly earnings results on Thursday, April 14th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $3.33 million during 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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