Streetbeat News

TRX

TRX Gold Corporation

Industry

Gold

TRX Gold Corporation engages in the acquisition, financing, exploration, and development of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project located in north-central Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. TRX Gold Corporation was incorporated in 1990 and is based in Toronto, Canada.

Open

0.34

Mkt cap

94M

Volume

673K

High

0.35

P/E Ratio

33.54

52-wk high

0.49

Low

0.33

Div yield

N/A

52-wk low

0.31

HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on TRX Gold (AMEX:TRX) and raises the price target from $1.3 to $1.4.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:53 am

Alliance Global Partners analyst Jake Sekelsky has maintained a Buy rating on TRX Gold (AMEX:TRX) and increased the price target from $1.5 to $1.75.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:37 pm

HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on TRX Gold (AMEX:TRX) and raises the price target from $1.3 to $1.4.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:00 am

Justin Sun, founder of TRON, revealed his Bitcoin holdings of 28,613 BTC, valued at approximately $1.638 billion. He made this disclosure in response to comments about his usage of the HTX exchange, emphasizing his active participation. This announcement coincides with Bitcoin's price surge to $57,000, a peak not seen since December 2021. The crypto market has seen a ripple effect from this rally, with increased investments in Bitcoin ETFs and a significant rise in the global cryptocurrency market cap. Sun also highlighted TRON's commitment to integrating Bitcoin scalability solutions and collaborating with Bitcoin layer-2 protocols.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 5:54 am

TRX Gold (AMEX:TRX) reported Q1 sales of $9.40M, missing the analyst consensus estimate of $10.48M by 10.31%, and marking a 3.27% decrease from $9.72M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:32 am

Solana Saga phones have sold out due to the inclusion of a free Bonk memecoin airdrop with each purchase. The phones, originally priced at $599, fetched up to $5,000 on eBay. The demand was driven by a 800% surge in Bonk's value over the last 30 days. Solana-based projects like Solend are also offering airdrops to Saga phone holders, indicating broader interest beyond the Bonk memecoin.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 8:19 am

Tron (TRX) has become the preferred cryptocurrency network for militant groups, overtaking Bitcoin (BTC), according to financial crime experts. Israel and the U.S. have frozen numerous Tron wallets linked to Hamas and other designated terror organizations. Israel's NBCTF has frozen 143 Tron wallets, including 56 linked to Hamas, and in 2023 alone, seized 87 Tron wallets. Tron's spokesperson stated that the network does not control who uses its technology. No Bitcoin wallets have been frozen since the initial 30 in 2021.

Portfolio Pulse from Khyathi Dalal

November 27, 2023 | 5:20 pm

TRX Gold has appointed Shubo Rakhit as the Chairman of its Board. The company has not provided any further details about this appointment.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 10:36 am

TRX Gold has announced the arrival of a new 1,000-ton-per-day capacity ball mill at the Buckreef Gold Project. The company expects commercial production delivery to begin in the second half of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:43 am

Last week saw significant developments in the crypto world. Grayscale Investments filed for an Ethereum futures ETF following a court victory against the SEC. The Tron Network hit 1 billion USDT, with founder Justin Sun declaring Tron as the 'king of USDT'. Floki, a coin named after Elon Musk's dog, outperformed other top meme coins like Dogecoin and Shiba Inu. SkyBridge Capital founder, Anthony Scaramucci, expressed optimism for Bitcoin at the Messari Mainnet conference.

Portfolio Pulse from Benzinga Neuro

September 24, 2023 | 1:01 am

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