TRX Gold Co. (NYSEAMERICAN:TRX – Get Rating) (NYSEMKT:TRX) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $0.40. TRX Gold shares last traded at $0.40, with a volume of 440,375 shares changing hands.
Separately, HC Wainwright assumed coverage on TRX Gold in a research note on Tuesday, May 24th. They issued a “buy” rating and a $0.70 target price for the company.
The company has a market capitalization of $109.74 million, a price-to-earnings ratio of -20.00 and a beta of 0.83.
Several large investors have recently bought and sold shares of the company. Guild Investment Management Inc. increased its stake in TRX Gold by 14.3% in the 4th quarter. Guild Investment Management Inc. now owns 400,000 shares of the basic materials company’s stock worth $158,000 after buying an additional 50,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of TRX Gold during the first quarter valued at about $45,000. Finally, Renaissance Technologies LLC grew its position in shares of TRX Gold by 325.1% during the first quarter. Renaissance Technologies LLC now owns 611,000 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 467,274 shares in the last quarter. Hedge funds and other institutional investors own 0.97% of the company’s stock.
About TRX Gold (NYSEAMERICAN:TRX)
TRX Gold Corporation engages in the acquisition, financing, exploration, and development 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 located in north-central Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.
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