Tanzanian Royalty Exploration Corp (TRX) Sees Large Increase in Short Interest
Tanzanian Royalty Exploration Corp (NYSE:TRX) (NYSEMKT:TRX) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,968,255 shares, a growth of 1.8% from the August 15th total of 3,897,786 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 149,865 shares, the days-to-cover ratio is presently 26.5 days.
Tanzanian Royalty Exploration Corp (NYSE:TRX) traded down 0.0500% on Tuesday, reaching $0.3998. The company had a trading volume of 55,175 shares. The company’s 50-day moving average price is $0.42 and its 200 day moving average price is $0.46. The firm’s market capitalization is $47.79 million. Tanzanian Royalty Exploration Corp has a 1-year low of $0.37 and a 1-year high of $1.04.
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Tanzanian Royalty Exploration Corp Company Profile
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.
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