Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 4,152,331 shares, a decrease of 0.9% from the January 31st total of 4,190,294 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average trading volume of 184,882 shares, the short-interest ratio is presently 22.5 days.
Separately, BidaskClub raised Tanzanian Royalty Exploration from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th.
Tanzanian Royalty Exploration (NYSEAMERICAN TRX) opened at $0.35 on Wednesday. Tanzanian Royalty Exploration has a 52-week low of $0.24 and a 52-week high of $0.58. The stock has a market capitalization of $43.61, a P/E ratio of -9.00 and a beta of 0.91.
Tanzanian Royalty Exploration 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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