TRX Gold (NYSE:TRX) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated 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.

TRX Gold Stock Performance

TRX Gold stock opened at $0.35 on Wednesday. TRX Gold has a 1 year low of $0.31 and a 1 year high of $0.49. The firm’s 50 day moving average price is $0.39 and its 200-day moving average price is $0.41.

Institutional Investors Weigh In On TRX Gold

Several institutional investors and hedge funds have recently modified their holdings of TRX. Ground Swell Capital LLC raised its position in shares of TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after buying an additional 48,705 shares during the last quarter. HighTower Advisors LLC raised its position in shares of TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after buying an additional 29,416 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in TRX Gold in the third quarter worth $52,000. Institutional investors own 1.06% of the company’s stock.

TRX Gold Company Profile

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.