Spooked in Tanzania?Tanzanian Royalty Exploration Corp. (AMEX: TRX) shares saw a huge drop in Thursday’s trading session. The stock finished the day 41.52% lower at $2, with volume up from daily average of 461,025 to 17.11 million. The stock pared some of its losses in after-hours trading on Thursday, gaining 18.50%.
Tanzanian Royalty shares plunged despite there being no recent news or development relating to the company. Following the huge sell-off, the company issued a statement on Thursday saying that there is no particular event other than a technical market situation that can explain the trading action in its shares.
Tanzanian Royalty is engaged in the acquisition and exploration of mineral properties in Africa. The company is mainly focusing on the exploration of gold properties in Tanzania.
https://www.tech24.org/64151tanzanian-royalty-exploration-corp-trx-plunges-more-than-40.html
Not saying there is a relationship but ....