Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) Trading 7.5% Higher

Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX)’s stock price traded up 7.5% during trading on Monday . The company traded as high as $0.87 and last traded at $0.86, 433,777 shares were traded during mid-day trading. An increase of 45% from the average session volume of 298,763 shares. The stock had previously closed at $0.80.

Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) (NYSEMKT:TRX) last announced its earnings results on Friday, July 12th. The basic materials company reported ($0.01) EPS for the quarter.

An institutional investor recently bought a new position in Tanzanian Royalty Exploration stock. HighTower Advisors LLC purchased a new position in shares of Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 245,000 shares of the basic materials company’s stock, valued at approximately $211,000. HighTower Advisors LLC owned approximately 0.17% of Tanzanian Royalty Exploration as of its most recent SEC filing.

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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