Ground Swell Capital LLC Purchases 48,705 Shares of TRX Gold Co. (NYSE:TRX)

Ground Swell Capital LLC grew its position in TRX Gold Co. (NYSE:TRX) by 201.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,823 shares of the company’s stock after acquiring an additional 48,705 shares during the quarter. Ground Swell Capital LLC’s holdings in TRX Gold were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

TRX Gold Price Performance

NYSE TRX opened at $0.39 on Monday. The business’s 50 day moving average price is $0.40 and its 200-day moving average price is $0.42. TRX Gold Co. has a fifty-two week low of $0.31 and a fifty-two week high of $0.49.

Analysts Set New Price Targets

A number of analysts have issued reports on TRX shares. HC Wainwright reaffirmed a “buy” rating and issued a $1.40 price objective on shares of TRX Gold in a research note on Tuesday, July 16th. StockNews.com assumed coverage on TRX Gold in a research report on Sunday. They set a “hold” rating on the stock.

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.