Tanzanian Royalty Exploration Corp (NYSE:TRX) Sees Large Growth in Short Interest
Tanzanian Royalty Exploration Corp (NYSE:TRX) (NYSEMKT:TRX) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,693,333 shares, a growth of 1.1% from the May 31st total of 3,654,022 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average trading volume of 80,706 shares, the days-to-cover ratio is presently 45.8 days.
Shares of Tanzanian Royalty Exploration Corp (NYSE:TRX) traded up 5.673% during trading on Friday, hitting $0.488. The stock had a trading volume of 153,564 shares. The firm has a 50-day moving average price of $0.48 and a 200 day moving average price of $0.49. Tanzanian Royalty Exploration Corp has a 52 week low of $0.40 and a 52 week high of $1.49. The company’s market capitalization is $57.49 million.
About Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corporation is an exploration-stage company and its mining properties are located outside the United States. The Company is a mineral resource company, which engages in the acquisition of interests in and the exploration of natural resource properties in the future and the possible development of those properties.
Receive News & Stock Ratings for Tanzanian Royalty Exploration Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanzanian Royalty Exploration Corp and related stocks with our FREE daily email newsletter.