Tanzanian Royalty Exploration Corp (NYSE:TRX) Sees Significant Increase in Short Interest

Tanzanian Royalty Exploration Corp (NYSE:TRX) (NYSEMKT:TRX) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 3,778,690 shares, a growth of 1.4% from the July 14th total of 3,726,014 shares. Based on an average trading volume of 287,709 shares, the short-interest ratio is currently 13.1 days. Approximately 3.3% of the company’s shares are sold short.

Tanzanian Royalty Exploration Corp (TRX) traded down 0.29% during trading on Friday, hitting $0.44. 117,519 shares of the stock traded hands. The stock’s market cap is $52.60 million. The company has a 50-day moving average price of $0.44 and a 200-day moving average price of $0.47. Tanzanian Royalty Exploration Corp has a 12 month low of $0.38 and a 12 month high of $1.13.

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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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