TRX Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research note released on Wednesday. The firm issued a hold rating on the stock.

TRX Gold Stock Performance

Shares of TRX opened at $0.35 on Wednesday. The company’s fifty day moving average is $0.39 and its 200 day moving average is $0.41. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.49.

Institutional Investors Weigh In On TRX Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after acquiring an additional 29,416 shares during the period. Ground Swell Capital LLC raised its stake in shares of TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after acquiring an additional 48,705 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of TRX Gold in the third quarter valued at $52,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

TRX Gold Company Profile

TRX Gold Corporation engages in the exploration, development, and production 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 that comprises a single Special Mining License covering an area of 16.04 square kilometers and 12 Prospecting Licenses covering 98.19 square kilometers located in north-central Tanzania.