Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) Sees Significant Growth in Short Interest

Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) was the target of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 3,739,372 shares, an increase of 0.7% from the March 15th total of 3,713,525 shares. Based on an average daily volume of 514,204 shares, the short-interest ratio is presently 7.3 days.

Shares of NYSEAMERICAN:TRX traded down $0.01 during trading on Friday, reaching $0.67. The company had a trading volume of 287,532 shares, compared to its average volume of 366,709. Tanzanian Royalty Exploration has a fifty-two week low of $0.25 and a fifty-two week high of $0.94.

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Tanzanian Royalty Exploration Company Profile

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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