Tanzanian Royalty Exploration Corp. TRE is changing its ticker symbol to "TRX" effective June 15 to avoid confusion.
What's the confusion?
Since Muddy Waters released a negative research report on Sino-Forest last week, shares of Tanzanian Royalty Exploration Corp. have fallen sharply. How come? Well they both have the same ticker symbol, except Sino-Forest is traded on the Canadian Stock Exchange.
Both companies have the ticker "TRE," except Sino-Forest's ticker is TRE.TO.
Since the report, shares of Tanzanian Royalty Exploration Corp. have fallen more than 7%.
Tanzanian Royalty Exploration Corporation is a mineral resource company with exploration stage properties. The Company's general area of interest has been in the exploration of gold properties, with a focus on exploring for gold properties in Tanzania.
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