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

Stock analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

TRX Gold Trading Up 1.4 %

Shares of TRX Gold stock opened at $0.36 on Tuesday. TRX Gold has a 12-month low of $0.31 and a 12-month high of $0.49. The business’s 50 day moving average is $0.39 and its 200-day moving average is $0.41.

Institutional Trading of TRX Gold

An institutional investor recently raised its position in TRX Gold stock. Ground Swell Capital LLC increased its position in TRX Gold Co. (NYSE:TRX) by 201.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,823 shares of the company’s stock after purchasing an additional 48,705 shares during the quarter. Ground Swell Capital LLC’s holdings in TRX Gold were worth $29,000 as of its most recent SEC filing. 1.06% of the stock is owned by institutional investors.

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.