StockNews.com began coverage on shares of TRX Gold (NYSE:TRX – Free Report) in a research note published on Wednesday. The firm issued a hold rating on the stock.
TRX Gold Price Performance
Shares of NYSE TRX opened at $0.30 on Wednesday. The stock has a market capitalization of $85.82 million, a price-to-earnings ratio of -30.40 and a beta of 0.40. The business has a 50-day moving average of $0.31 and a 200-day moving average of $0.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. TRX Gold has a fifty-two week low of $0.27 and a fifty-two week high of $0.49.
Institutional Investors Weigh In On TRX Gold
Hedge funds have recently bought and sold shares of the stock. Sprott Inc. increased its holdings in shares of TRX Gold by 506.7% during the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares during the period. Financial Sense Advisors Inc. increased its holdings in shares of TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after purchasing an additional 32,991 shares during the period. BNP Paribas Financial Markets bought a new position in shares of TRX Gold during the fourth quarter worth approximately $120,000. Finally, Rossby Financial LCC bought a new position in shares of TRX Gold during the fourth quarter worth approximately $255,000. 1.06% of the stock is currently owned by institutional investors and hedge funds.
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.
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