Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) was the recipient of a significant growth in short interest in January. As of January 12th, there was short interest totalling 3,961,158 shares, a growth of 2.6% from the December 29th total of 3,862,299 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average daily volume of 660,447 shares, the days-to-cover ratio is presently 6.0 days.
Separately, BidaskClub upgraded Tanzanian Royalty Exploration from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th.
Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) remained flat at $$0.36 on Wednesday. The stock had a trading volume of 112,800 shares, compared to its average volume of 489,047. The company has a market cap of $43.42, a P/E ratio of -9.00 and a beta of 0.36. Tanzanian Royalty Exploration has a one year low of $0.24 and a one year high of $0.62.
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About Tanzanian Royalty Exploration
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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