How to Buy Trx Gold Stock
Trx Gold Corp
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.
Trx Gold stock last closed at $0.33, up 0% from the previous day, and has decreased 28.57% in one year. It has underperformed other stocks in the Gold industry by 0.82 percentage points. Trx Gold stock is currently +24.53% from its 52-week low of $0.27, and -32.65% from its 52-week high of $0.49.
There are currently 282.1M TRX shares outstanding. The market capitalization of TRX is $93.09M. In the past 24 hours, 823,525 TRX shares were traded.
How to Buy Trx Gold Stock
Not sure how to invest in Trx Gold stock? Here's how.
- Figure out where to buy Trx Gold stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Trx Gold stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Analyze Trx Gold stock: The Trx Gold ticker symbol is TRX. Is Trx Gold stock a good investment? Should you buy shares of TRX? How do TRX's underlying business fundamentals look? Do top analysts think Trx Gold is a good buy? Why has TRX's stock price moved recently? (Hint: Our stock market research website can help you evaluate if TRX is a good stock to buy).
- Make your TRX trade: Decide if you will purchase TRX shares at the current market price or use a limit order to buy TRX stock at a particular price.
- Get updates on your TRX position: Create a watchlist to key updates about your new investment in Trx Gold stock.
Step 1: Figure out where to buy Trx Gold stock
You will need an online brokerage account to access the NYSEMKT market and buy TRX stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Industrials, New York to London (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you are able to invest in TRX today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've filled out your info on app for stock market, you need to deposit funds:
Check out the video below for more details transferring funds into your new investment account.
Step 4: Analyze Trx Gold stock
Once you have chosen the best place to buy Trx Gold stock, it's important to research their stock before you invest, so you truly understand the risk as well as the upside.
Trx Gold Numbers
TRX Due Diligence Checks
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on TRX's stock page.
Is TRX stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TRX's intrinsic value.
Using relative valuations methods:
- TRX may be undervalued based on its P/B ratio of 1.7x, relative to Gold industry P/B ratio of 2.49x
You can do more valuation analysis on TRX's stock here.
TRX Financial Health Overview
Signs that TRX is financially healthy:
- TRX has cash burn of 565000. It has enough cash and short-term investments to cover this for at least one year.
- TRX has $7.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $565.00k.
- There are more short-term assets than long-term liabilities on the TRX balance sheet.
- Total TRX debt is lower than 5 years ago, relative to shareholder equity.
Signs that TRX is not financially healthy:
- TRX has a relatively high debt to equity ratio of 0.72.
- There are more short-term liabilities than short-term assets on the TRX balance sheet.
- TRX profit margin has gone down from 10.6% to 4% in the past year.
Do Wall Street analysts think it's a good time to buy Trx Gold stock
Out of 1 Equities analysts who track TRX, the consensus analyst rating on Trx Gold is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Trx Gold stock forecast page.
Metrics for Advanced TRX Traders
TRX Performance Numbers
Last year, TRX revenue was $45.41M. During the past three year, TRX's revenue has increased by 232.81% per year. This was faster than the Gold industry average of 17.63%.
You can analyze TRX's earnings and revenue performance here.
Are TRX insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at TRX have not bought or sold any shares.
Research more about who owns TRX shares here.
Can I rely on TRX as an income stream?
No, Trx Gold doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your TRX trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you want additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your TRX position
Now that you own some shares in TRX, you'll want to keep up with your investment.
Add TRX to a watchlist to get alerted to the latest events about your TRX stock.
TRX Feed
How to Buy Stock in Trx Gold
To summarize, here are the 6 steps you need to take to buy Trx Gold stock right now:
- Figure out where to buy Trx Gold stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Trx Gold stock
- Make your TRX trade
- Get updates on your TRX position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Trx Gold, click the button below.
More Articles You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.