TRX Gold (NYSE:TRX) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a report published on Sunday. The firm issued a hold rating on the stock.

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

TRX Gold Trading Down 0.5 %

Shares of TRX opened at $0.30 on Friday. The company’s fifty day simple moving average is $0.36 and its 200-day simple moving average is $0.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.54. TRX Gold has a twelve month low of $0.29 and a twelve month high of $0.49.

Institutional Trading of TRX Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC grew its holdings 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 worth $29,000 after purchasing an additional 48,705 shares during the last quarter. Virtu Financial LLC purchased a new stake in TRX Gold in the 3rd quarter valued at about $52,000. Finally, HighTower Advisors LLC boosted its position in TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after buying an additional 29,416 shares during the period. 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.