TRX Gold Co. (NYSEAMERICAN:TRX – Get Free Report)’s stock price shot up 4.1% during mid-day trading on Monday. The company traded as high as $1.02 and last traded at $1.01. Approximately 2,751,145 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 1,876,840 shares. The stock had previously closed at $0.97.
TRX Gold Price Performance
The company has a quick ratio of 1.45, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $1.12 and its 200-day moving average is $1.21.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new stake in TRX Gold during the first quarter worth approximately $25,000. Cetera Investment Advisers lifted its stake in shares of TRX Gold by 48.5% in the first quarter. Cetera Investment Advisers now owns 42,123 shares of the company’s stock worth $63,000 after buying an additional 13,750 shares during the last quarter. Cooper Haims Advisors LLC acquired a new stake in shares of TRX Gold in the second quarter worth $45,000. StoneX Group Inc. lifted its stake in shares of TRX Gold by 309.5% in the third quarter. StoneX Group Inc. now owns 60,191 shares of the company’s stock worth $73,000 after buying an additional 45,493 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new stake in shares of TRX Gold during the 2nd quarter worth $53,000. 1.06% of the stock is owned by institutional investors.
TRX Gold Company Profile
TRX Gold Corporation is a gold mining company focused on the exploration, development and production of gold in Tanzania. Its principal asset is the Buckreef Gold Project in the Geita region, where the company mines and processes gold-bearing ore. Buckreef is operated through Buckreef Gold Company Limited, a joint venture between TRX Gold and Tanzania’s State Mining Corporation. The project includes a producing mine, processing facilities and exploration areas that the company is working to develop.
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