Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) fell 5.3% during trading on Tuesday . The stock traded as low as $0.82 and last traded at $0.89, 501,926 shares changed hands during mid-day trading. An increase of 59% from the average session volume of 316,405 shares. The stock had previously closed at $0.94.

Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) (NYSEMKT:TRX) last posted 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 Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 245,000 shares of the basic materials company’s stock, valued at approximately $211,000. HighTower Advisors LLC owned 0.17% of Tanzanian Royalty Exploration at the end of the most recent 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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