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

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

TRX Gold Trading Up 2.1 %

Shares of NYSE:TRX opened at $0.36 on Wednesday. The firm has a fifty day moving average of $0.38 and a 200 day moving average of $0.40. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.49.

Institutional Investors Weigh In On TRX Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position 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 acquiring an additional 29,416 shares in the last quarter. Ground Swell Capital LLC increased its position in TRX Gold by 201.9% during the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after buying an additional 48,705 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of TRX Gold during the third quarter valued at $52,000. 1.06% of the stock is currently owned by 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.