Trader Alert: Unusual Volume Spotted in Tanzanian Royalty Exploration Corporation (:TRX), and Dover Motorsports, Inc. (NYSE:DVD)

Tanzanian Royalty Exploration Corporation (:TRX) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $0.38.  The day’s total volume of 457239 this morning is in contrast from the three-month daily average of 166.81K.  When we divide the current volume by the three-month average volume, we get a relative volume of 3.22.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

Tanzanian Royalty Exploration Corporation (:TRX)‘s market cap, the total dollar value of all of their outstanding shares, is 47.72m.  Including today’s unusual volume, Tanzanian Royalty Exploration Corporation‘s stock is performing at -19.94% on the year.  For the week, the stock is performing -9.05%.  Over the past month the firm’s stock is -11.05%, -29.22% for the last quarter, -31.00% for the past six-months and -66.93% for the last year.

Current levels places Tanzanian Royalty Exploration Corporation (:TRX)’s stock about -33.27% from the 50-day high and -5.82% away from the 50-day low.  

Investors are on alert as Dover Motorsports, Inc. (NYSE:DVD)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $1.98.  The day’s total volume of 46949 this morning is in contrast from the three-month daily average of 11.71K. 

Looking Back

Dover Motorsports, Inc. (NYSE:DVD)‘s market cap, the total dollar value of all of their outstanding shares, is 73.36m.  Including today’s unusual volume, Dover Motorsports, Inc.‘s stock is performing at -13.04% on the year.  For the week, the stock is performing -2.44%.  Over the past month the firm’s stock is -2.44%, -4.76% for the last quarter, -13.04% for the past six-months and -4.76% for the last year.

Current levels places Dover Motorsports, Inc. (NYSE:DVD)’s stock about -19.39% from the 50-day high and 1.28% away from the 50-day low.  

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