Tanzanian Royalty Exploration Corp.

Tanzanian Royalty Exploration Corp. is an AMEX listed security that has been trading in a range between $4.44 and $7.90 over the past year. With 86,511,650 shares outstanding, a recent price of $4.85 gives a total market capitalization of $420,446,631. While there are certainly larger companies, Tanzanian Royalty Exploration Corp. has definitely earned its place in the pack. Last year, Tanzanian Royalty Exploration Corp. created $-0.05 in earnings for every share outstanding.

Tanzanian Royalty Exploration Corp. is currently priced by the market at 0.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.

With a share price under $50 a share and earnings per share below $1 a share, Tanzanian Royalty Exploration Corp. is unlikely to be an interesting value proposition.