Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,730,870 shares, an increase of 0.9% from the January 15th total of 3,696,324 shares. Based on an average trading volume of 626,826 shares, the days-to-cover ratio is currently 6.0 days.
Shares of TRX traded up $0.03 during trading hours on Monday, reaching $0.64. 513,300 shares of the company’s stock traded hands, compared to its average volume of 483,182. Tanzanian Royalty Exploration has a 12 month low of $0.25 and a 12 month high of $0.68.
Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) (NYSEMKT:TRX) last issued its quarterly earnings results on Friday, January 11th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter.
Tanzanian Royalty Exploration Corporation engages in the exploration and development of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interest in the Buckreef project located in the Geita District of the Geita Region south of Lake Victoria; the Buziba project situated in the Geita district; the Itetemia gold deposit located at southwest of Mwanza in northern Tanzania; and the Kigosi project situated within the Kigosi Game Reserve controlled area in northwestern Tanzania.
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