TRX Gold (NYSE:TRX) Trading 6% Higher – Here’s What Happened

Shares of TRX Gold Co. (NYSE:TRX) were up 6% during trading on Monday . The stock traded as high as $0.36 and last traded at $0.35. Approximately 744,724 shares traded hands during mid-day trading, an increase of 74% from the average daily volume of 427,083 shares. The stock had previously closed at $0.33.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on shares of TRX Gold in a research note on Thursday, May 22nd. They set a “hold” rating on the stock.

TRX Gold Stock Performance

The firm has a market capitalization of $99.98 million, a price-to-earnings ratio of -35.39 and a beta of 0.24. The firm’s 50-day moving average price is $0.33 and its two-hundred day moving average price is $0.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83.

Institutional Trading of TRX Gold

Institutional investors have recently bought and sold shares of the stock. Sprott Inc. boosted its position in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after buying an additional 121,479 shares in the last quarter. Financial Sense Advisors Inc. increased its holdings in shares of TRX Gold by 41.5% during the first quarter. Financial Sense Advisors Inc. now owns 238,483 shares of the company’s stock worth $74,000 after buying an additional 70,000 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of TRX Gold in the fourth quarter valued at approximately $120,000. Finally, Rossby Financial LCC bought a new position in shares of TRX Gold in the fourth quarter valued at approximately $255,000. 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.