TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a report released on Friday. The brokerage issued a hold rating on the stock.

TRX Gold Trading Down 6.6 %

TRX stock opened at $0.29 on Friday. TRX Gold has a one year low of $0.28 and a one year high of $0.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83. The company has a fifty day moving average of $0.31 and a 200-day moving average of $0.34.

Hedge Funds Weigh In On TRX Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sprott Inc. boosted its stake in shares of TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after buying an additional 121,479 shares in the last quarter. Financial Sense Advisors Inc. boosted its position in shares of TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after purchasing an additional 32,991 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of TRX Gold during the 3rd quarter worth $52,000. BNP Paribas Financial Markets purchased a new position in shares of TRX Gold in the 4th quarter valued at about $120,000. Finally, HighTower Advisors LLC lifted its stake 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 purchasing an additional 29,416 shares during the period. 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.