Is Buying Banro Corporation (NYSEAMERICAN:BAA) Here Good Idea?

December 8, 2017 - By Nellie Frank

 Is Buying Banro Corporation (NYSEAMERICAN:BAA) Here Good Idea?

The stock of Banro Corporation (NYSEAMERICAN:BAA) registered an increase of 89.63% in short interest. BAA’s total short interest was 336,600 shares in December as published by FINRA. Its up 89.63% from 177,500 shares, reported previously. With 173,100 shares average volume, it will take short sellers 2 days to cover their BAA’s short positions.

The stock increased 2.73% or $0.0032 during the last trading session, reaching $0.1203. About 1.47 million shares traded or 13.61% up from the average. Banro Corporation (NYSEAMERICAN:BAA) has declined 74.24% since December 8, 2016 and is downtrending. It has underperformed by 90.94% the S&P500.

Banro Corporation, together with its subsidiaries, engages in the exploration, development, and production of mineral properties in the Democratic Republic of the Congo. The company has market cap of $13.34 million. It primarily explores for gold. It currently has negative earnings. The firm holds interest in 4 gold properties, including Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of approximately 2,616 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.

Another recent and important Banro Corporation (NYSEAMERICAN:BAA) news was published by Juniorminingnetwork.com which published an article titled: “Banro Corporation Provides Corporate Update” on November 13, 2017.

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