Stock analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a research report issued to clients and investors on Friday. The firm set a "hold" rating on the stock.
TRX Gold Trading Down 2.5 %
Shares of NYSE:TRX traded down $0.01 during midday trading on Friday, reaching $0.27. The company's stock had a trading volume of 435,358 shares, compared to its average volume of 389,490. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $0.31 and a 200-day moving average of $0.34. TRX Gold has a 12-month low of $0.27 and a 12-month high of $0.49.
Institutional Trading of TRX Gold
Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in TRX Gold in the third quarter worth about $52,000. Sprott Inc. raised its holdings in TRX Gold by 506.7% in the 4th quarter. Sprott Inc. now owns 145,454 shares of the company's stock worth $45,000 after acquiring an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. lifted its position in TRX Gold by 24.3% in the 4th 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 in the last quarter. HighTower Advisors LLC boosted its stake in TRX Gold by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company's stock valued at $130,000 after purchasing an additional 29,416 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of TRX Gold in the 4th quarter worth $120,000. 1.06% of the stock is owned by hedge funds and other 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.
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