Equities researchers at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a report released on Friday. The firm set a "hold" rating on the stock.
Separately, HC Wainwright reaffirmed a "buy" rating and set a $1.50 price objective (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.
Get Our Latest Stock Analysis on TRX Gold
TRX Gold Trading Down 2.4 %
NYSE TRX traded down $0.01 during trading on Friday, hitting $0.34. 673,834 shares of the company's stock traded hands, compared to its average volume of 346,194. The stock has a fifty day moving average of $0.38 and a two-hundred day moving average of $0.40. TRX Gold has a 12-month low of $0.31 and a 12-month 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.
Institutional Trading of TRX Gold
Several large investors have recently bought and sold shares of TRX. Ground Swell Capital LLC grew its position in shares of TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company's stock worth $29,000 after buying an additional 48,705 shares during the period. Virtu Financial LLC bought a new stake in TRX Gold during the third quarter worth about $52,000. Finally, HighTower Advisors LLC grew its holdings in 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 period. 1.06% of the stock is owned by institutional investors.
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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