Short Interest in Tanzanian Royalty Exploration Corp (TRX) Rises By 3.2%
Tanzanian Royalty Exploration Corp (NYSE:TRX) (NYSEMKT:TRX) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 3,897,786 shares, an increase of 3.2% from the July 31st total of 3,778,690 shares. Based on an average trading volume of 211,440 shares, the short-interest ratio is currently 18.4 days. Approximately 3.4% of the shares of the company are short sold.
Shares of Tanzanian Royalty Exploration Corp (TRX) opened at 0.44 on Tuesday. Tanzanian Royalty Exploration Corp has a 52-week low of $0.38 and a 52-week high of $1.13. The firm’s 50 day moving average price is $0.43 and its 200 day moving average price is $0.47. The stock’s market cap is $52.60 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.
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