Tanzanian Royalty Exploration is trading at $1.22, down 5.41%, in pre-market amid falling gold prices; no company-specific catalyst was identified.
- Shares are down from the September 25 close of $1.29.
- Gold prices fell more than 2% on September 28 as rising oil prices heightened inflation concerns and strengthened expectations for further Federal Reserve rate hikes, providing relevant sector context.
- No September 28 company-specific announcement explaining the move was identified; available company news highlights earlier production results, not a new pre-market catalyst.