Why Tanzanian Gold's Stock Is Trading Lower Today

Tanzanian Gold TRX shares are trading lower Tuesday after the company priced its 32.9-million share common stock offering at 65 cents per share.

Tanzanian Gold is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties.

Tanzanian Gold shares were trading down 11.24% at 69 cents. The stock has a 52-week high of $1.91 and low of 36 cents.