Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) Trading Down 9.7%

Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) traded down 9.7% during mid-day trading on Wednesday . The company traded as low as $0.64 and last traded at $0.65. 188,100 shares were traded during trading, a decline of 62% from the average session volume of 495,004 shares. The stock had previously closed at $0.72.

Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) (NYSEMKT:TRX) last announced its quarterly earnings results on Wednesday, July 15th. The basic materials company reported ($0.04) earnings per share for the quarter.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. acquired a new position in shares of Tanzanian Royalty Exploration during the first quarter valued at about $35,000. MADDEN SECURITIES Corp purchased a new stake in Tanzanian Royalty Exploration in the 2nd quarter worth approximately $97,000. Integrated Advisors Network LLC boosted its position in Tanzanian Royalty Exploration by 16.4% in the 2nd quarter. Integrated Advisors Network LLC now owns 479,800 shares of the basic materials company’s stock worth $425,000 after purchasing an additional 67,700 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Tanzanian Royalty Exploration by 2,012.9% during the 2nd quarter. Bank of Montreal Can now owns 490,200 shares of the basic materials company’s stock valued at $495,000 after buying an additional 467,000 shares in the last quarter.

Tanzanian Royalty Exploration Company Profile (NYSEAMERICAN:TRX)

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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