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

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

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

TRX Gold Trading Up 1.9 %

Shares of TRX Gold stock opened at $0.31 on Thursday. The business’s fifty day moving average price is $0.33 and its two-hundred day moving average price is $0.37. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. TRX Gold has a 1-year low of $0.29 and a 1-year high of $0.49.

Institutional Trading of TRX Gold

Institutional investors have recently bought and sold shares of the company. Ground Swell Capital LLC boosted its position in TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of TRX Gold in the third quarter worth about $52,000. Finally, 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 worth $130,000 after buying an additional 29,416 shares during the last quarter. Institutional investors and hedge funds 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.