What’s Propelling Tanzanian Royalty Exploration Corporation (NYSEAMERICAN:TRX) After Higher Shorts Reported?

October 13, 2018 - By Marie Mckinney

The stock of Tanzanian Royalty Exploration Corporation (NYSEAMERICAN:TRX) registered an increase of 1.35% in short interest. TRX’s total short interest was 3.77M shares in October as published by FINRA. Its up 1.35% from 3.72 million shares, reported previously. With 99,700 shares average volume, it will take short sellers 38 days to cover their TRX’s short positions.

The stock decreased 1.65% or $0.0066 during the last trading session, reaching $0.3933. About 212,967 shares traded or 65.10% up from the average. Tanzanian Royalty Exploration Corporation (NYSEAMERICAN:TRX) has risen 7.55% since October 13, 2017 and is uptrending. It has underperformed by 8.07% the S&P500.

Tanzanian Royalty Exploration Corporation engages in the exploration and development of mineral property interests in the United Republic of Tanzania. The company has market cap of $49.56 million. It holds interest in the Buckreef project located in the Geita District of the Geita Region south of Lake Victoria; Itetemia gold deposit located to the southwest of Mwanza; and the Kigosi project located within the Kigosi-Miyabi and Ushirombo greenstone belts in northwestern Tanzania. It currently has negative earnings. The firm also holds interest in various exploration stage projects, including the Luhala project and the Lunguya property.

Tanzanian Royalty Exploration Corporation (NYSEAMERICAN:TRX) Institutional Positions Chart

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