TRX Gold (NYSE:TRX) Stock Price Up 6% - Still a Buy?

TRX Gold Co. (NYSE:TRX - Get Free Report)'s stock price was up 6% during trading on Monday . The stock traded as high as $0.36 and last traded at $0.35. Approximately 744,724 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 427,083 shares. The stock had previously closed at $0.33.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of TRX Gold in a research report on Thursday, May 22nd. They set a "hold" rating on the stock.

TRX Gold Trading Down 5.1%

The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. The company has a market cap of $94.92 million, a PE ratio of -33.60 and a beta of 0.24. The stock has a 50 day moving average price of $0.33 and a 200 day moving average price of $0.32.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Financial Sense Advisors Inc. lifted its holdings in shares of TRX Gold by 41.5% during the first quarter. Financial Sense Advisors Inc. now owns 238,483 shares of the company's stock valued at $74,000 after purchasing an additional 70,000 shares during the last quarter. Sprott Inc. raised its stake 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 last quarter. Rossby Financial LCC boosted its holdings in TRX Gold by 15.7% in the first quarter. Rossby Financial LCC now owns 960,000 shares of the company's stock worth $310,000 after acquiring an additional 130,000 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of TRX Gold in the fourth quarter worth $120,000. 1.06% of the stock is owned by hedge funds and other institutional investors.

About TRX Gold

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.