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

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

Separately, HC Wainwright restated a “buy” rating and issued a $1.40 target price on shares of TRX Gold in a report on Tuesday, July 16th.

TRX Gold Price Performance

Shares of TRX opened at $0.37 on Monday. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.49. The stock has a 50 day moving average price of $0.39 and a 200 day moving average price of $0.41.

Institutional Trading of TRX Gold

An institutional investor recently raised its position in TRX Gold stock. Ground Swell Capital LLC boosted its position in shares of TRX Gold Co. (NYSE:TRX) by 201.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,823 shares of the company’s stock after buying an additional 48,705 shares during the period. Ground Swell Capital LLC’s holdings in TRX Gold were worth $29,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.