StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

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

Separately, HC Wainwright reiterated a “buy” rating and set a $1.40 price objective on shares of TRX Gold in a research report on Tuesday, July 16th.

TRX Gold Trading Up 2.5 %

Shares of TRX Gold stock opened at $0.42 on Friday. TRX Gold has a one year low of $0.31 and a one year high of $0.49. The business’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.42.

Institutional Trading of TRX Gold

A hedge fund recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC bought a new position in shares of TRX Gold Co. (NYSE:TRX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold at the end of the most recent reporting period. 1.06% of the stock is currently 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.