BANRO CORPORATION (BAA) Shares are Down -8.4%

BANRO CORPORATION (BAA) : During the past 4 weeks, traders have been relatively bearish on BANRO CORPORATION (BAA), hence the stock is down -12.53% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.37% relative to the S&P 500. The 4-week change in the price of the stock is -12.2% and the stock has fallen -8.4% in the past 1 week.

Banro Corporation is up 12.5% in the last 3-month period. Year-to-Date the stock performance stands at 80%. The stock has recorded a 20-day Moving Average of 9.22% and the 50-Day Moving Average is 2.02%.


BANRO CORPORATION (NYSEMKT:BAA): The stock opened at $0.36 on Friday but the bulls could not build on the opening and the stock topped out at $0.37 for the day. The stock traded down to $0.35 during the day, due to lack of any buying support eventually closed down at $0.36 with a loss of -4.74% for the day. The stock had closed at $0.38 on the previous day. The total traded volume was 580,627 shares.

Banro Corporation (Banro) is a gold mining company. The Company holds a 100% interest in its four gold properties (Twangiza, Namoya, Lugushwa and Kamituga) through four Democratic Republic of the Congo (DRC) subsidiaries. The Company is focused on production from the Twangiza gold mine in the DRC. Namoya is engaged in gold production. The Company is engaged in the development of two additional wholly owned gold projects, Lugushwa and Kamituga. The four projects are located along the Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the DRC. Its properties, totaling approximately 2,612 square kilometers, are covered by a total of 13 exploitation permits (or mining licenses). The Company also holds, through its DRC subsidiary (Banro Congo Mining S.A.), 14 exploration permits covering an aggregate of 2,638 square kilometers, including 10 of which are located in the vicinity of its Twangiza property and four are located in the vicinity of the Namoya property.

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