TRX Gold (NYSEAMERICAN:TRX) stock price rises above the 50-day moving average of $0.00

Shares of TRX Gold Co. (NYSEAMERICAN:TRX – Get Rating) (NYSEMKT:TRX) rose above its fifty-day moving average during Wednesday’s trading. The stock has a fifty-day moving average of $0.00 and is trading down to $0.40. TRX Gold shares last traded at $0.40, with volume of 440,375 shares changing hands.

Separately, HC Wainwright began covering TRX Gold stocks in a research report on Tuesday, May 24. They set a “buy” rating and a price target of $0.70 on the stock.

The stock has a market capitalization of $109.74 million, a P/E ratio of -20.00 and a beta of 0.83.

TRX Gold (NYSEAMERICAN:TRX – Get Rating) (NYSEMKT:TRX) last released its results on Thursday, April 14. The basic materials company reported ($0.01) EPS for the quarter, meeting analyst consensus estimates of ($0.01). The company had revenue of $3.33 million for the quarter. As a group, equity analysts expect TRX Gold Co. to post EPS of -0.03 for the current fiscal year.

A number of institutional investors and hedge funds have been buying and selling stocks recently. Virtu Financial LLC bought a new stake in TRX Gold during the first quarter at a value of $45,000. Guild Investment Management Inc. increased its holdings in TRX Gold by 14.3% in Q4. Guild Investment Management Inc. now owns 400,000 shares of the basic materials company valued at $158,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in TRX Gold by 325.1% during the first quarter. Renaissance Technologies LLC now owns 611,000 shares of the basic materials company valued at $189,000 after purchasing an additional 467,274 shares last quarter. 0.97% of the shares are currently held by hedge funds and other institutional investors.


TRX Gold Corporation engages in the acquisition, financing, exploration and development of interests in mineral properties in the United Republic of Tanzania. The company mainly explores gold deposits. It holds interests in the Buckreef gold project located in north-central Tanzania. The company was previously known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.

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