Short Interest in Tanzanian Royalty Exploration Corp (NYSE:TRX) Grows By 1.0%

Tanzanian Royalty Exploration Corp (NYSE:TRX) (NYSEMKT:TRX) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 3,728,549 shares, a growth of 1.0% from the June 15th total of 3,693,333 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 57,384 shares, the short-interest ratio is currently 65.0 days.

Shares of Tanzanian Royalty Exploration Corp (NYSE TRX) opened at 0.3867 on Friday. The company has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.48. The firm’s market cap is $46.22 million. Tanzanian Royalty Exploration Corp has a 12-month low of $0.38 and a 12-month high of $1.13.

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About Tanzanian Royalty Exploration Corp

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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