Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,880,807 shares, an increase of 0.8% from the October 31st total of 3,849,696 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average trading volume of 99,709 shares, the short-interest ratio is presently 38.9 days.

Separately, BidaskClub raised Tanzanian Royalty Exploration from a “strong sell” rating to a “sell” rating in a report on Saturday, November 4th.

Shares of Tanzanian Royalty Exploration (NYSEAMERICAN TRX) opened at $0.26 on Friday. Tanzanian Royalty Exploration has a 12 month low of $0.25 and a 12 month high of $0.63.

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Tanzanian Royalty Exploration 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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