863,907 Shares in TRX Gold Co. $TRX Purchased by Howard Capital Management LLC

Howard Capital Management LLC bought a new position in shares of TRX Gold Co. (NYSEAMERICAN:TRX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 863,907 shares of the company’s stock, valued at approximately $1,045,000. Howard Capital Management LLC owned approximately 0.26% of TRX Gold at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its holdings in TRX Gold by 48.5% during the 1st quarter. Cetera Investment Advisers now owns 42,123 shares of the company’s stock valued at $63,000 after purchasing an additional 13,750 shares in the last quarter. Navellier & Associates Inc. increased its stake in TRX Gold by 4.7% during the 2nd quarter. Navellier & Associates Inc. now owns 379,726 shares of the company’s stock worth $313,000 after buying an additional 16,997 shares during the period. Hsbc Holdings PLC purchased a new stake in TRX Gold during the 1st quarter worth $25,000. Cooper Haims Advisors LLC increased its stake in TRX Gold by 86.4% during the 2nd quarter. Cooper Haims Advisors LLC now owns 55,000 shares of the company’s stock worth $45,000 after buying an additional 25,500 shares during the period. Finally, Avior Wealth Management LLC acquired a new position in TRX Gold in the 2nd quarter worth $53,000. 1.06% of the stock is owned by institutional investors and hedge funds.

TRX Gold Stock Performance

Shares of TRX stock opened at $1.05 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 1.45. The company’s fifty day moving average price is $1.17 and its two-hundred day moving average price is $1.10. The firm has a market capitalization of $344.75 million, a P/E ratio of -17.50 and a beta of 0.48. TRX Gold Co. has a 12 month low of $0.54 and a 12 month high of $2.80.

TRX Gold Profile

TRX Gold Corporation is a Canadian-based gold exploration, development and production company focused on the Buckreef Gold Project in north-central Tanzania. The company’s common shares trade on the NYSE American under the symbol TRX and on the Toronto Stock Exchange under the symbol TNX.

Buckreef Gold is the company’s principal asset and includes open-pit mining and ore-processing operations, along with significant exploration and development potential. TRX Gold produces gold doré and continues to invest in expanding processing capacity, improving operations and evaluating additional mineral resources across the project area.

The Buckreef project is operated through a joint venture with Tanzania’s State Mining Corporation, giving TRX Gold a long-term operating presence in Tanzania.