Rossby Financial LCC Purchases Shares of 830,000 TRX Gold Co. (NYSE:TRX)

Rossby Financial LCC purchased a new position in TRX Gold Co. (NYSE:TRX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 830,000 shares of the company's stock, valued at approximately $255,000. Rossby Financial LCC owned approximately 0.29% of TRX Gold at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRX. HighTower Advisors LLC grew its stake in TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company's stock worth $130,000 after buying an additional 29,416 shares in the last quarter. Financial Sense Advisors Inc. raised its stake in shares of TRX Gold by 24.3% during the fourth 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 last quarter. Sprott Inc. increased its holdings in TRX Gold by 506.7% during the 4th quarter. Sprott Inc. now owns 145,454 shares of the company's stock valued at $45,000 after purchasing an additional 121,479 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of TRX Gold during the third quarter valued at approximately $52,000. 1.06% of the stock is owned by institutional investors.

TRX Gold Stock Down 1.5 %

Shares of TRX Gold stock traded down $0.01 during trading on Friday, hitting $0.33. The company's stock had a trading volume of 823,381 shares, compared to its average volume of 403,954. TRX Gold Co. has a 52 week low of $0.27 and a 52 week high of $0.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83. The company has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.34. The company has a market capitalization of $93.09 million, a PE ratio of -33.00 and a beta of 0.37.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on TRX Gold in a research report on Saturday, April 12th. They issued a "hold" rating for the company.

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.