During the last session, Tanzanian Gold Corporation (AMEX:TRX)’s traded shares were 0.93 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $0.43, reflecting an intraday gain of 2.26% or $0.01. The 52-week high for the TRX share is $1.91, that puts it down -344.19 from that peak though still a striking 16.28% gain since the share price plummeted to a 52-week low of $0.36. The company’s market capitalization is $115.06M, and the average intraday trading volume over the past 10 days was 0.47 million shares, and the average trade volume was 823.76K shares over the past three months.
Tanzanian Gold Corporation (AMEX:TRX) trade information
Tanzanian Gold Corporation (TRX) registered a 2.26% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.26% in intraday trading to $0.43 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 5.24%, and it has moved by -0.92% in 30 days. Based on these gigs, the overall price performance for the year is -45.15%. The short interest in Tanzanian Gold Corporation (AMEX:TRX) is 0.7 million shares and it means that shorts have 0.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.50, which implies an increase of 71.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.50 and $1.50 respectively. As a result, TRX is trading at a discount of -248.84% off the target high and -248.84% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -1.30%. While earnings are projected to return 58.80% in 2021.
Tanzanian Gold Corporation is due to release its next quarterly earnings on April 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Tanzanian Gold Corporation (AMEX:TRX)’s Major holders
Tanzanian Gold Corporation insiders own 3.12% of total outstanding shares while institutional holders control 1.04%, with the float percentage being 1.07%. Susquehanna International Group, LLP is the largest shareholder of the company, while 36 institutions own stock in it. As of Mar 30, 2021, the company held over 0.92 million shares (or 0.36% of all shares), a total value of $0.54 million in shares.
The next largest institutional holding, with 0.28 million shares, is of Bank of Montreal/Can/’s that is approximately 0.11% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $0.16 million.