Tanzanian Royalty Exploration Stock Price on November 11, 2024
| TRX Stock | USD 0.35 0.01 2.78% |
Below is the normalized historical share price chart for Tanzanian Royalty Exploration extending back to May 12, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tanzanian Royalty stands at 0.35, as last reported on the 26th of November, with the highest price reaching 0.36 and the lowest price hitting 0.35 during the day.
If you're considering investing in Tanzanian Stock, it is important to understand the factors that can impact its price. Tanzanian Royalty owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0601, which indicates the firm had a -0.0601% return per unit of risk over the last 3 months. Tanzanian Royalty Exploration exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tanzanian Royalty's Risk Adjusted Performance of (0.05), variance of 5.47, and Coefficient Of Variation of (1,334) to confirm the risk estimate we provide.
Tanzanian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of May 2005 | 200 Day MA 0.4051 | 50 Day MA 0.3904 | Beta 0.13 |
Tanzanian |
Sharpe Ratio = -0.0601
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TRX |
Estimated Market Risk
| 2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tanzanian Royalty is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tanzanian Royalty by adding Tanzanian Royalty to a well-diversified portfolio.
Price Book 1.913 | Enterprise Value Ebitda 8.5935 | Price Sales 2.6706 | Shares Float 252.2 M | Wall Street Target Price 1.3833 |
Tanzanian Royalty Valuation on November 11, 2024
It is possible to determine the worth of Tanzanian Royalty on a given historical date. On November 11, 2024 Tanzanian was worth 0.37 at the beginning of the trading date compared to the closed value of 0.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tanzanian Royalty stock. Still, in general, we apply an absolute valuation method to find Tanzanian Royalty's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tanzanian Royalty where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tanzanian Royalty's related companies.
| Open | High | Low | Close | Volume | |
| 0.38 | 0.38 | 0.37 | 0.37 | 284,368 | |
11/11/2024 | 0.37 | 0.37 | 0.35 | 0.36 | 764,870 |
| 0.37 | 0.38 | 0.36 | 0.37 | 527,228 |
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Tanzanian Royalty Trading Date Momentum on November 11, 2024
| On November 12 2024 Tanzanian Royalty Exploration was traded for 0.37 at the closing time. Highest Tanzanian Royalty's price during the trading hours was 0.38 and the lowest price during the day was 0.36 . The net volume was 527.2 K. The overall trading history on the 12th of November 2024 contributed to the next trading period price jump. The trading price change to the next next day price was 2.78% . The trading price change to current price is 0.00% . |
Tanzanian Royalty Fundamentals Correlations and Trends
By evaluating Tanzanian Royalty's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tanzanian Royalty's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tanzanian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tanzanian Royalty Stock history
Tanzanian Royalty investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tanzanian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tanzanian Royalty will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tanzanian Royalty stock prices may prove useful in developing a viable investing in Tanzanian Royalty
TRX Gold Corporation engages in the acquisition, financing, exploration, and development of mineral property interests in the United Republic of Tanzania. TRX Gold Corporation was incorporated in 1990 and is based in Toronto, Canada. Trx Gold operates under Gold classification in the United States and is traded on AMEX Exchange.
Tanzanian Royalty Stock Technical Analysis
Tanzanian Royalty technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Tanzanian Royalty Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Tanzanian Royalty Exploration cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tanzanian Royalty November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Tanzanian Royalty stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tanzanian Royalty shares will generate the highest return on investment. By undertsting and applying Tanzanian Royalty stock market strength indicators, traders can identify Tanzanian Royalty Exploration entry and exit signals to maximize returns
Tanzanian Royalty Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tanzanian Royalty's price direction in advance. Along with the technical and fundamental analysis of Tanzanian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tanzanian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.02) |
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Additional Tools for Tanzanian Stock Analysis
When running Tanzanian Royalty's price analysis, check to measure Tanzanian Royalty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tanzanian Royalty is operating at the current time. Most of Tanzanian Royalty's value examination focuses on studying past and present price action to predict the probability of Tanzanian Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tanzanian Royalty's price. Additionally, you may evaluate how the addition of Tanzanian Royalty to your portfolios can decrease your overall portfolio volatility.