Banro (BAA) Trading Up 9.1%

Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) shares shot up 9.1% on Monday . The company traded as high as $0.13 and last traded at $0.12. 2,524,791 shares traded hands during trading, an increase of 374% from the average session volume of 532,614 shares. The stock had previously closed at $0.11.

An institutional investor recently bought a new position in Banro stock. Guardian Capital LP purchased a new stake in Banro Co. (NYSEAMERICAN:BAA) (TSE:BAA) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 445,713 shares of the mining company’s stock, valued at approximately $316,000. Guardian Capital LP owned about 0.41% of Banro at the end of the most recent quarter.

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Banro Company Profile

Banro Corp (Banro) is a Canada-based gold mining company. The Company, through its subsidiaries, holds interest in a number of gold properties, including Twangiza, Namoya, Lugushwa and Kamituga. The Company is focused on production from the Twangiza gold mine in the Democratic Republic of the Congo (DRC).

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