TRX Gold (NYSE:TRX) Now Covered by StockNews.com

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

TRX Gold Trading Down 1.7%

Shares of NYSE:TRX opened at $0.31 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. TRX Gold has a 12-month low of $0.27 and a 12-month high of $0.49. The business has a 50 day moving average of $0.31 and a two-hundred day moving average of $0.33. The company has a market capitalization of $87.46 million, a PE ratio of -30.98 and a beta of 0.40.

Institutional Trading of TRX Gold

A number of hedge funds have recently added to or reduced their stakes in the company. Sprott Inc. increased its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after buying an additional 121,479 shares in the last quarter. Financial Sense Advisors Inc. grew its position in shares of 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 acquiring an additional 32,991 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of TRX Gold in the 4th quarter valued at about $120,000. Finally, Rossby Financial LCC acquired a new position in TRX Gold in the 4th quarter worth about $255,000. 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.