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

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

TRX Gold Price Performance

Shares of NYSE TRX opened at $0.29 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The company’s 50-day moving average price is $0.31 and its 200 day moving average price is $0.34. TRX Gold has a 52 week low of $0.28 and a 52 week high of $0.49.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRX. HighTower Advisors LLC grew its holdings in TRX Gold by 9.6% during the 3rd 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. Financial Sense Advisors Inc. lifted its position in shares of TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after acquiring an additional 32,991 shares in the last quarter. Sprott Inc. boosted its stake in shares of 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 acquiring an additional 121,479 shares during the last quarter. Virtu Financial LLC purchased a new stake in TRX Gold during the 3rd quarter worth about $52,000. Finally, BNP Paribas Financial Markets acquired a new position in TRX Gold in the 4th quarter valued at about $120,000. 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.