Tanzanian Royalty Exploration Corp (TRX) Short Interest Up 2.7% in April
Tanzanian Royalty Exploration Corp (NYSE:TRX) (NYSEMKT:TRX) was the target of a significant growth in short interest during the month of April. As of April 28th, there was short interest totalling 3,646,112 shares, a growth of 2.7% from the April 13th total of 3,548,818 shares. Based on an average daily trading volume, of 162,652 shares, the days-to-cover ratio is currently 22.4 days. Currently, 3.2% of the shares of the company are sold short.
Shares of Tanzanian Royalty Exploration Corp (NYSE:TRX) traded down 9.975% during mid-day trading on Tuesday, hitting $0.509. 702,723 shares of the stock were exchanged. The company’s market capitalization is $59.96 million. The firm has a 50-day moving average price of $0.48 and a 200 day moving average price of $0.52. Tanzanian Royalty Exploration Corp has a 12-month low of $0.39 and a 12-month high of $1.49.
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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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