|Bid||0.5500 x 0|
|Ask||0.5900 x 0|
|Day's Range||0.5700 - 0.5700|
|52 Week Range||0.5300 - 2.1200|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We can readily understand why investors are attracted to unprofitable companies. For example, although...
Unfortunately for some investors, there was Tron (TRX) ticker confusion on Friday that resulted in them taking out shares of Tanzanian Gold (NYSEAMERICAN:TRX) stock. Source: pathdoc / Shutterstock.com Tron is a cryptocurrency available on multiple platforms that investors were looking to pick up on today. However, they instead started buying up shares of Tanzanian Gold, which also uses the TRX ticker. This Tron ticker confusion has resulted in heavy trading for shares of TRX stock. As of this writing, more than 49 million shares of the stock have changed hands. That’s a massive spike next to Tanzanian Gold’s daily average trading volume of roughly 584,000 shares.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Justin Sun, the founder of the Tron cryptocurrency, pointed out the ticker confusion going on today via a Tweet. $TRX is a cryptocurrency currently trading on @krakenfx @binance @BittrexExchange @OKCoin @HuobiGlobal not Tanzanian Gold Corp. 🤣 This is #TRON lesson 101 for $TRX new community members🙏 — Justin Sun🌞 (@justinsuntron) January 29, 2021 7 Safe Stocks to Buy for Solid Returns in Tumultuous Times Tron is far from the first time that confusion between two tickers has resulted in investors picking up the wrong shares. Earlier this month we saw investors accidentally invest in Signal Advance (OTCMKTS:SIGL) stock thinking it was the social media platform that Tesla (NASDAQ:TSLA) CEO Elon Musk was Tweeting about. Another prime example of ticker confusion comes from Zoom Video Communications (NASDAQ:ZM) and Zoom Technologies (OTCMKTS:ZOOM). Roughly one year ago investors mixed these stocks up when trying to prepare for the novel coronavirus with. Funnily enough, a similar problem happened when Zoom Video Communications held its IPO. TRX stock was up 31.2% as of noon Friday. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Tron Ticker Confusion: Would-Be TRX Crypto Investors Mistakenly Buy Tanzanian Gold (TRX) Stock appeared first on InvestorPlace.