TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

TRX Gold Stock Up 1.4 %

Shares of TRX Gold stock opened at $0.36 on Tuesday. TRX Gold has a 1 year low of $0.31 and a 1 year high of $0.49. The business has a fifty day simple moving average of $0.39 and a two-hundred day simple moving average of $0.41.

Institutional Investors Weigh In On TRX Gold

A hedge fund recently raised its stake in TRX Gold stock. Ground Swell Capital LLC increased its position in shares of TRX Gold Co. (NYSE:TRX) by 201.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,823 shares of the company’s stock after purchasing an additional 48,705 shares during the period. Ground Swell Capital LLC’s holdings in TRX Gold were worth $29,000 as of its most recent filing with the Securities and Exchange Commission. 1.06% of the stock is currently owned by institutional investors and hedge funds.

TRX Gold Company Profile

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.