Tanzanian Royalty Exploration Corporation (TRX) : Traders are bullish on Tanzanian Royalty Exploration Corporation (TRX) as it has outperformed the S&P 500 by a wide margin of 70.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 17.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 17.86% in the last 1 week, and is up 76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 24.88% and the 50-Day Moving Average is 86.76%. Tanzanian Royalty Exploration Corp. is up 238.46% in the last 3-month period. Year-to-Date the stock performance stands at 388.89%.
Tanzanian Royalty Exploration Corporation (NYSEMKT:TRX): On Fridays trading session , Opening price of the stock was $1.42 with an intraday high of $1.44. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.32. However, the stock managed to close at $1.32, a loss of 0.75% for the day. On the previous day, the stock had closed at $1.33. The total traded volume of the day was 873,238 shares.
Tanzanian Royalty Exploration Corporation is engaged in the exploration and development of mineral property interests. The Companys mineral properties are located in United Republic of Tanzania. Its subsidiaries include Tanzania American International Development Corporation 2000 Limited (Tanzam), Tancan Mining Co. Limited (Tancan), Buckreef Gold Company Ltd. (Buckreef) and Northwestern Base Metals Company Limited (NWBM). The Company explores or acquires gold or other precious metal concessions through its own efforts or through the efforts of its subsidiaries. The Companys mineral interests in Tanzania are initially held under prospecting licenses granted pursuant to the Mining Act, 2010 (Tanzania) for a period of up to four years, and are renewable two times for a period of up to two years each. Through its wholly-owned subsidiary, Tanzam, the Company holds a 55% interest in the joint venture company, Buckreef Gold Company Limited, with Stamico holding the remaining 45%.