Balance Sheet Breakdown: TRX Gold Corp (TRX)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.

After finishing at $0.28 in the prior trading day, TRX Gold Corp (AMEX: TRX) closed at $0.27, down -3.93%. In other words, the price has decreased by -$3.93 from its previous closing price. On the day, 1.44 million shares were traded. TRX stock price reached its highest trading level at $0.3 during the session, while it also had its lowest trading level at $0.2655.

Ratios:

Our goal is to gain a better understanding of TRX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.47 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Alliance Global Partners on February 16, 2021, initiated with a Buy rating and assigned the stock a target price of $1.50.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRX now has a Market Capitalization of 75823832. As of this moment, TRX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.75, and their Forward P/E ratio for the next fiscal year is 4.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 1.35.

Stock Price History:

The Beta on a monthly basis for TRX is 0.43, which has changed by -0.35714287 over the last 52 weeks, in comparison to a change of 0.028231144 over the same period for the S&P500. Over the past 52 weeks, TRX has reached a high of $0.49, while it has fallen to a 52-week low of $0.27. The 50-Day Moving Average of the stock is -13.15%, while the 200-Day Moving Average is calculated to be -25.19%.

Shares Statistics:

The stock has traded on average 425.84K shares per day over the past 3-months and 533760 shares per day over the last 10 days, according to various share statistics. A total of 280.71M shares are outstanding, with a floating share count of 275.27M. Insiders hold about 2.34% of the company’s shares, while institutions hold 2.17% stake in the company. Shares short for TRX as of 1741910400 were 116701 with a Short Ratio of 0.14, compared to 1739491200 on 284751. Therefore, it implies a Short% of Shares Outstanding of 116701 and a Short% of Float of 0.04.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Most Popular