863,907 Shares in TRX Gold Co. $TRX Purchased by Howard Capital Management LLC

Howard Capital Management LLC bought a new stake in shares of TRX Gold Co. (NYSEAMERICAN:TRX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 863,907 shares of the company’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRX. Arrowstreet Capital Limited Partnership increased its stake in shares of TRX Gold by 128.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock worth $4,039,000 after buying an additional 1,524,403 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TRX Gold in the second quarter valued at $2,813,000. Renaissance Technologies LLC bought a new position in TRX Gold during the 1st quarter valued at $1,227,000. Navellier & Associates Inc. boosted its stake in TRX Gold by 4.7% during the 2nd quarter. Navellier & Associates Inc. now owns 379,726 shares of the company’s stock valued at $313,000 after acquiring an additional 16,997 shares during the last quarter. Finally, Cooper Haims Advisors LLC bought a new position in TRX Gold during the 2nd quarter valued at $45,000. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

TRX Gold Price Performance

Shares of TRX stock opened at $1.05 on Friday. The firm has a market cap of $344.75 million, a P/E ratio of -17.50 and a beta of 0.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 1.45. TRX Gold Co. has a 1-year low of $0.54 and a 1-year high of $2.80. The firm has a fifty day moving average of $1.17 and a two-hundred day moving average of $1.10.

About TRX Gold

TRX Gold Corporation is a Canadian-based gold exploration, development and production company focused on the Buckreef Gold Project in north-central Tanzania. The company’s common shares trade on the NYSE American under the symbol TRX and on the Toronto Stock Exchange under the symbol TNX.

Buckreef Gold is the company’s principal asset and includes open-pit mining and ore-processing operations, along with significant exploration and development potential. TRX Gold produces gold doré and continues to invest in expanding processing capacity, improving operations and evaluating additional mineral resources across the project area.

The Buckreef project is operated through a joint venture with Tanzania’s State Mining Corporation, giving TRX Gold a long-term operating presence in Tanzania.