StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a report released on Saturday. The firm set a “hold” rating on the stock.

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

TRX Gold Price Performance

TRX Gold stock opened at $0.30 on Friday. The stock’s 50 day moving average price is $0.37 and its two-hundred day moving average price is $0.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.84. TRX Gold has a 52-week low of $0.29 and a 52-week high of $0.49.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of TRX Gold in the 3rd quarter worth about $52,000. Ground Swell Capital LLC increased its holdings in TRX Gold by 201.9% during the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after purchasing an additional 48,705 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after purchasing an additional 29,416 shares during the last quarter. 1.06% of the stock is owned by 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.