Virtu Financial LLC Makes New Investment in TRX Gold Co. (NYSE:TRX)

Virtu Financial LLC acquired a new stake in shares of TRX Gold Co. (NYSE:TRX) during the third quarter, HoldingsChannel.com reports. The fund acquired 132,386 shares of the company’s stock, valued at approximately $52,000.

Separately, HighTower Advisors LLC raised its holdings in TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares during the period. 1.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TRX. StockNews.com began coverage on shares of TRX Gold in a report on Saturday. They set a “hold” rating for the company. HC Wainwright restated a “buy” rating and set a $1.50 target price (up previously from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Stock Down 2.7 %

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

About TRX Gold

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.