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

Investment analysts at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

TRX Gold Price Performance

Shares of TRX opened at $0.35 on Wednesday. The stock has a 50 day moving average of $0.39 and a 200 day moving average of $0.41. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49.

Institutional Trading of TRX Gold

A number of large investors have recently bought and sold shares of TRX. Virtu Financial LLC purchased a new stake in TRX Gold in the third quarter worth $52,000. Ground Swell Capital LLC increased its position in TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after buying an additional 48,705 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after buying an additional 29,416 shares during the last quarter. 1.06% of the stock is owned by hedge funds and other institutional investors.

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.