StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a report released on Sunday. The brokerage set a "hold" rating on the stock.
Separately, HC Wainwright reissued a "buy" rating and issued a $1.50 price target (up previously from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.
Read Our Latest Stock Report on TRX Gold
TRX Gold Stock Performance
TRX stock traded down $0.00 on Friday, reaching $0.30. The company's stock had a trading volume of 934,773 shares, compared to its average volume of 356,409. The firm has a fifty day moving average of $0.36 and a two-hundred day moving average of $0.39. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.84.
Hedge Funds Weigh In On TRX Gold
Several institutional investors have recently bought and sold shares of TRX. HighTower Advisors LLC grew its position in TRX Gold by 9.6% during the third 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. Virtu Financial LLC acquired a new position in shares of TRX Gold in the 3rd quarter valued at $52,000. Finally, Ground Swell Capital LLC lifted its holdings in shares of 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 acquiring an additional 48,705 shares during the period. 1.06% of the stock is currently owned by institutional investors.
About TRX Gold
(
Get Free Report)
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.
Further Reading
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