TRX Gold (NYSE:TRX) Now Covered by StockNews.com

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research report released on Wednesday morning. The firm issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.50 price target (up previously from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Trading Down 1.0 %

TRX opened at $0.32 on Wednesday. TRX Gold has a 1-year low of $0.29 and a 1-year high of $0.49. The stock’s fifty day simple moving average is $0.32 and its 200 day simple moving average is $0.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRX. Rossby Financial LCC bought a new position in TRX Gold during the 4th quarter worth $255,000. BNP Paribas Financial Markets bought a new position in TRX Gold during the 4th quarter worth $120,000. Virtu Financial LLC bought a new position in TRX Gold during the 3rd quarter worth $52,000. Sprott Inc. increased its position in TRX Gold by 506.7% during the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after buying an additional 121,479 shares during the period. Finally, Financial Sense Advisors Inc. increased its position 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. Institutional investors own 1.06% of the company’s stock.

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.