Virtu Financial LLC Takes Position in TRX Gold Co. (NYSE:TRX)

Virtu Financial LLC bought a new position in TRX Gold Co. (NYSE:TRX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 132,386 shares of the company’s stock, valued at approximately $52,000.

Separately, HighTower Advisors LLC boosted its position in shares of TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after purchasing an additional 29,416 shares during the period. Institutional investors own 1.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $1.50 price objective (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd. StockNews.com started coverage on shares of TRX Gold in a research report on Saturday. They issued a “hold” rating for the company.

TRX Gold Price Performance

TRX opened at $0.30 on Friday. The business has a 50-day moving average of $0.37 and a 200-day moving average of $0.39. TRX Gold Co. has a fifty-two week low of $0.29 and a fifty-two week high of $0.49. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.01.

TRX Gold 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.