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

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

TRX Gold Stock Performance

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRX. Ground Swell Capital LLC raised its holdings 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 purchasing an additional 48,705 shares during the period. Virtu Financial LLC acquired a new stake in TRX Gold during the 3rd quarter worth $52,000. Finally, HighTower Advisors LLC lifted its holdings in TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares in the last quarter. 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.