StockNews.com started coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a research note published on Sunday. The firm issued a hold rating on the stock.
TRX Gold Trading Down 0.6 %
NYSE TRX traded down $0.00 during trading hours on Friday, reaching $0.32. The company's stock had a trading volume of 91,003 shares, compared to its average volume of 406,985. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. TRX Gold has a 52 week low of $0.27 and a 52 week high of $0.49. The stock has a market cap of $90.84 million, a P/E ratio of -32.30 and a beta of 0.37. The firm has a fifty day simple moving average of $0.31 and a 200-day simple moving average of $0.33.
Institutional Trading of TRX Gold
A number of institutional investors have recently bought and sold shares of the company. Rossby Financial LCC bought a new position in shares of TRX Gold during the 4th quarter worth approximately $255,000. BNP Paribas Financial Markets bought a new position in shares of TRX Gold during the 4th quarter worth about $120,000. HighTower Advisors LLC grew its stake in shares of TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company's stock valued at $130,000 after buying an additional 29,416 shares during the period. Financial Sense Advisors Inc. raised its stake in TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company's stock worth $52,000 after buying an additional 32,991 shares during the period. Finally, Sprott Inc. boosted its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company's stock worth $45,000 after acquiring an additional 121,479 shares in the last quarter. Institutional investors own 1.06% of the company's stock.
About TRX Gold
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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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