Research analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX – Get Free Report) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.
TRX Gold Trading Up 0.0 %
Shares of TRX opened at $0.33 on Friday. TRX Gold has a 1-year low of $0.27 and a 1-year high of $0.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The company has a market capitalization of $93.12 million, a P/E ratio of -33.01 and a beta of 0.37. The firm’s 50 day simple moving average is $0.31 and its 200 day simple moving average is $0.33.
Hedge Funds Weigh In On TRX Gold
A number of large investors have recently bought and sold shares of the stock. Sprott Inc. grew its holdings in shares of TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. boosted its position in TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after buying an additional 32,991 shares during the period. Virtu Financial LLC bought a new stake in TRX Gold in the 3rd quarter worth $52,000. BNP Paribas Financial Markets purchased a new position in shares of TRX Gold in the fourth quarter valued at about $120,000. Finally, HighTower Advisors LLC raised its stake in shares of TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after acquiring an additional 29,416 shares during the last quarter. 1.06% of the stock is owned by hedge funds and other 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.
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