Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,917,216 shares, a growth of 0.2% from the November 30th total of 3,908,153 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average trading volume of 162,833 shares, the days-to-cover ratio is presently 24.1 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 $0.41 on Friday. Tanzanian Royalty Exploration has a 52-week low of $0.24 and a 52-week high of $0.62. The stock has a market capitalization of $48.84, a P/E ratio of -10.25 and a beta of 0.36.
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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