Tanzanian Gold (TSE:TNX) Stock Price Up 0.9%

Tanzanian Gold Corp (TSE:TNX) (NYSE:TRX)’s share price rose 0.9% during trading on Thursday . The stock traded as high as C$1.07 and last traded at C$1.07, approximately 61,500 shares traded hands during trading. An increase of 67% from the average daily volume of 36,757 shares. The stock had previously closed at C$1.06.

The firm’s 50-day moving average price is C$1.08 and its 200 day moving average price is C$1.09. The firm has a market cap of $160.92 million and a P/E ratio of -20.59. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of 19.49.

Tanzanian Gold (TSE:TNX) (NYSE:TRX) last released its quarterly earnings results on Friday, July 12th. The company reported C($0.02) EPS for the quarter.

About Tanzanian Gold (TSE:TNX)

Tanzanian Gold Corporation engages in the exploration and development of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interest in the Buckreef project located in north-central Tanzania; the Kigosi project situated within the Kigosi-Miyabi and Ushirombo greenstone belts in northwestern Tanzania; and the Itetemia gold project located to southwest of Mwanza in Northern Tanzania.

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