TRX — Tanzanian Royalty Exploration Corp

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Tanzanian Royalty Exploration Corp

TRX Gold Corporation engages in the exploration, development, and production of mineral property in Tanzania. Its flagship project is the Buckreef Gold Project in Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. The company was incorporated in 1990 and is based in Oakville, Canada.… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$1.26
Market Cap$401M
Float317.7M
Shares Outstanding325.7M
P/E (Forward)5.63
Price/Sales (TTM)4.21
vs. Analyst Target+87.5% to analyst PT
Profit Margin-23.45%
Operating Margin (TTM)-22.04%
Revenue (TTM)$95.2M
Earnings Growth (YoY)254.90%
Dividend RateNone
Analyst Target Price$2.36 (3 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 N/A -$11.5M -$227,519 -$9.4M
2021 N/A -$4.0M -$417,598 -$4.8M
2022 $19.2M -$7.9M $11.7M -$2.0M
2023 $51.7M $3.0M $24.1M $21.2M
2024 $56.0M -$639,006.3 $24.1M $20.0M
2025 $79.1M $943,690 $32.9M $25.7M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
May 2025 $12.5M -$218,000
Aug 2025 $23.5M $2.4M
Nov 2025 $35.0M -$5.8M
Feb 2026 $34.1M -$20.4M

Ownership & Float

Insider Ownership1.0%
Institutional Ownership4.3%
Short Float0.7%
% of All Funds Holding0.61%
Number of Funds Holding47

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$1.40Near-term / short-term trend
Weekly40-Week SMA$0.99Medium-term trend
Weekly80-Week SMA$0.66Cyclical trend (business cycle)
Weekly200-Week SMA$0.51Secular trend (multi-year)
Monthly10-Month SMA$1.06Near-term monthly trend
Monthly20-Month SMA$0.70Medium-term monthly trend
Monthly40-Month SMA$0.55Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$1.50 resistance 1.17x 0 months ago
$1.90 resistance 1.66x 1 months ago
$1.00 support 4.67x 3 months ago
$0.80 support 1.65x 4 months ago
$0.40 support 2.84x 7 months ago

Historical Earnings Reactions (72 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.41% 0.00% 34.72% 9.68% -3.69%
1 Day 0.18% 0.00% 38.89% 12.90% -8.52%
1 Week 0.46% 0.00% 44.44% 21.28% -31.91%
2 Weeks 2.65% 0.10% 50.00% 83.87% -23.17%
1 Month 0.79% -3.23% 40.85% 112.90% -44.22%

Next earnings: April 13, 2026

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan10.5%52.4%21
Feb2.4%57.1%21
Mar-1.2%52.4%21
Apr7.1%57.1%21
May0.1%55.0%20
Jun3.1%57.1%21
Jul8.6%71.4%21
Aug-3.9%33.3%21
Sep0.3%33.3%21
Oct-3.1%47.6%21
Nov-0.9%38.1%21
Dec1.8%38.1%21

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.00% 39.0% 988
Tuesday -0.08% 35.5% 1083
Wednesday 0.29% 40.3% 1083
Thursday -0.06% 39.5% 1062
Friday 0.42% 44.4% 1060

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 4.3%

Insider Transactions — Smart Summary

Total insider ownership: 1.0%

Full insider transaction history and smart buy/sell sentiment summary available on Trend Edge.

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Tanzanian Royalty Exploration Corp (TRX) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for TRX on Trend Edge →