Research analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a research report issued on Wednesday. The firm set a "hold" rating on the stock.
TRX Gold Trading Up 0.2%
Shares of NYSE:TRX traded up $0.00 during trading on Wednesday, reaching $0.30. 167,429 shares of the company were exchanged, compared to its average volume of 417,723. The firm has a market capitalization of $85.90 million, a PE ratio of -30.43 and a beta of 0.40. The business's fifty day simple moving average is $0.31 and its 200-day simple moving average is $0.32. TRX Gold has a 12-month low of $0.27 and a 12-month high of $0.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51.
Hedge Funds Weigh In On TRX Gold
Institutional investors have recently bought and sold shares of the business. Rossby Financial LCC purchased a new position in TRX Gold during the fourth quarter valued at approximately $255,000. Financial Sense Advisors Inc. increased its holdings in TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company's stock valued at $52,000 after buying an additional 32,991 shares during the period. Sprott Inc. increased its holdings in TRX Gold by 506.7% during the fourth quarter. Sprott Inc. now owns 145,454 shares of the company's stock valued at $45,000 after buying an additional 121,479 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in TRX Gold during the fourth quarter valued at approximately $120,000. 1.06% of the stock is owned by hedge funds and other institutional investors.
TRX Gold Company Profile
(
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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