StockNews.com began coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a research report report published on Monday. The firm issued a hold rating on the stock.
Separately, HC Wainwright reiterated a "buy" rating and issued a $1.40 price objective on shares of TRX Gold in a research report on Tuesday, July 16th.
Read Our Latest Stock Analysis on TRX
TRX Gold Price Performance
Shares of TRX stock traded down $0.01 during mid-day trading on Monday, reaching $0.36. The stock had a trading volume of 764,794 shares, compared to its average volume of 335,080. The firm's 50 day simple moving average is $0.39 and its 200 day simple moving average is $0.41. TRX Gold has a one year low of $0.31 and a one year high of $0.49.
Hedge Funds Weigh In On TRX Gold
An institutional investor recently raised its position in TRX Gold stock. Ground Swell Capital LLC lifted its stake in TRX Gold Co. (NYSE:TRX - Free Report) by 201.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,823 shares of the company's stock after buying an additional 48,705 shares during the period. Ground Swell Capital LLC's holdings in TRX Gold were worth $29,000 at the end of the most recent reporting period. 1.06% of the stock is currently owned by institutional investors and hedge funds.
TRX Gold Company Profile
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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.
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