StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

Equities researchers at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $1.50 price objective (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Price Performance

NYSE:TRX opened at $0.34 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.84. The business has a fifty day moving average price of $0.37 and a 200-day moving average price of $0.40. TRX Gold has a one year low of $0.31 and a one year high of $0.49.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TRX. HighTower Advisors LLC lifted its position 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 in the last quarter. Ground Swell Capital LLC lifted its holdings in TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after purchasing an additional 48,705 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in TRX Gold in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

About TRX Gold

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.