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

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

TRX Gold Price Performance

NYSE:TRX opened at $0.35 on Wednesday. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49. The business’s fifty day moving average price is $0.39 and its 200 day moving average price is $0.41.

Institutional Investors Weigh In On TRX Gold

Several institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC raised its holdings in TRX Gold by 201.9% during 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 in the last quarter. Virtu Financial LLC purchased a new position in shares of TRX Gold in the 3rd quarter valued at $52,000. Finally, HighTower Advisors LLC raised its stake in TRX Gold by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares in the last quarter. 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.