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 released on Saturday. The firm issued a hold rating on the stock.

TRX Gold Price Performance

Shares of TRX opened at $0.30 on Friday. TRX Gold has a 52-week low of $0.27 and a 52-week high of $0.49. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.34.

Hedge Funds Weigh In On TRX Gold

Several institutional investors and hedge funds have recently bought and sold shares of TRX. Virtu Financial LLC acquired a new stake in shares of TRX Gold during the 3rd quarter worth approximately $52,000. Financial Sense Advisors Inc. increased its stake in TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after acquiring an additional 32,991 shares during the last quarter. Sprott Inc. increased its stake in TRX Gold by 506.7% during the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after acquiring an additional 121,479 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in TRX Gold in the fourth quarter valued at $120,000. Finally, Rossby Financial LCC acquired a new position in shares of TRX Gold in the 4th quarter valued at $255,000. 1.06% of the stock is currently owned by institutional investors and hedge funds.

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.