TRX Gold Corp (AMEX:TRX) shares, rose in value, with the stock price down by -1.51% to the previous day’s close as strong demand from buyers drove the stock to $0.33.
Actively observing the price movement in the last trading, the stock closed the session at $0.34, falling within a range of $0.3215 and $0.35. The value of beta (5-year monthly) was 0.294. Referring to stock’s 52-week performance, its high was $0.49, and the low was $0.27. On the whole, TRX has fluctuated by 1.38% over the past month.
With the market capitalization of TRX Gold Corp currently standing at about $93.09 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 94.49M, with a low estimate of 23.75M and a high estimate of 23.75M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 23.75M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of TRX currently trading nearly 7.71% and 6.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.01, while the 7-day volatility ratio is showing 10.26% which for the 30-day chart, stands at 6.36%. Furthermore, TRX Gold Corp (TRX)’s beta value is 0.35, and its average true range (ATR) is 0.02.
A comparison of TRX Gold Corp (TRX) with its peers suggests the former has fared considerably weaker in the market. TRX showed an intraday change of -1.51% in last session, and over the past year, it shrunk by -29.80%%.
Data on historical trading for TRX Gold Corp (AMEX:TRX) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 507.99K. According to company’s latest data on outstanding shares, there are 281.87 million shares outstanding.
Nearly 2.34% of TRX Gold Corp’s shares belong to company insiders and institutional investors own 2.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 59412.0 shares as on 2025-03-31, resulting in a short ratio of 0.14. According to the data, the short interest in TRX Gold Corp (TRX) stood at 2.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.23 million. The stock has risen by 7.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRX stock heading into the next quarter.
