Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 4,152,331 shares, a drop of 0.9% from the January 31st total of 4,190,294 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average daily volume of 184,882 shares, the short-interest ratio is presently 22.5 days.
Shares of Tanzanian Royalty Exploration (NYSEAMERICAN TRX) traded up $0.01 during midday trading on Friday, hitting $0.35. The stock had a trading volume of 239,883 shares, compared to its average volume of 267,117. The firm has a market cap of $40.09, a price-to-earnings ratio of -8.75 and a beta of 0.92. Tanzanian Royalty Exploration has a 1-year low of $0.24 and a 1-year high of $0.58.
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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