Tanzanian Royalty Exploration Corp (NYSE:TRX) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 3,204,252 shares, a decline of 0.4% from the September 15th total of 3,217,628 shares. Based on an average daily volume of 186,014 shares, the short-interest ratio is currently 17.2 days. Currently, 3.0% of the shares of the stock are short sold.

Shares of Tanzanian Royalty Exploration Corp (NYSE:TRX) opened at 0.69 on Thursday. The stock’s market cap is $74.79 million. The stock’s 50 day moving average is $0.86 and its 200-day moving average is $0.71. Tanzanian Royalty Exploration Corp has a 1-year low of $0.17 and a 1-year high of $1.49.

Tanzanian Royalty Exploration Corp Company Profile

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/tanzanian-royalty-exploration-corp-trx-sees-significant-drop-in-short-interest.html

Tanzanian Royalty Exploration Corporation is a mineral resource company with exploration-stage properties. The Company engages in the acquisition of interests in and the exploration of natural resource properties and the development of those properties. Its principal exploration and development properties are located in the United Republic of Tanzania, Africa.

5 Day Chart for NYSE:TRX

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.