Shares of Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) fell 13.3% during trading on Wednesday . The stock traded as low as $0.12 and last traded at $0.13. 4,306,800 shares were traded during trading, an increase of 756% from the average session volume of 502,950 shares. The stock had previously closed at $0.15.

An institutional investor recently bought a new position in Banro stock. Guardian Capital LP bought a new stake in Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 445,713 shares of the mining company’s stock, valued at approximately $316,000. Guardian Capital LP owned approximately 0.41% of Banro as of its most recent SEC filing.

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Banro Company Profile

Banro Corp (Banro) is a Canada-based gold mining company. The Company, through its subsidiaries, holds interest in a number of gold properties, including Twangiza, Namoya, Lugushwa and Kamituga. The Company is focused on production from the Twangiza gold mine in the Democratic Republic of the Congo (DRC).

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