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

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

Separately, HC Wainwright reissued a “buy” rating and issued a $1.50 target price (up from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.

TRX Gold Stock Down 2.3 %

TRX Gold stock opened at $0.30 on Friday. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49. The business’s 50-day simple moving average is $0.32 and its 200-day simple moving average is $0.36. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in TRX Gold during the 3rd quarter valued at $52,000. Financial Sense Advisors Inc. lifted its holdings in 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 buying an additional 32,991 shares in the last quarter. Ground Swell Capital LLC boosted its stake in shares of TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of TRX Gold during the fourth quarter worth $120,000. Finally, Rossby Financial LCC acquired a new position in TRX Gold during the fourth quarter valued at approximately $255,000. Institutional investors own 1.06% of the company’s stock.

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.