Banro Corp. fka BAA

[adama2000]

Banro Co. (BAA) Stake Maintained by Gramercy Funds Management LLC
Posted on March 8, 2016 by Jamal Genner in Investing, SEC Filing Articles
http://sleekmoney.com/banro-co-baa-stake-maintained-by-gramercy-funds-management-llc/1022310/

Amended Statement of Ownership
Gramercy Funds Management LLC stated that they own a 16.2% stake in Banro Co. (NYSE:BAA) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, March 8th. The investor owns 8,294,250 shares of the stock worth approximately $2,467,539. The reporting parties listed on the disclosure included Gramercy Funds Management LLC and Robert Koenigsberger. The filing is available through EDGAR at this hyperlink.

Shares of Banro Co. (NYSE:BAA) traded down 5.4790% during trading on Tuesday, reaching $0.2812. 354,116 shares of the company were exchanged. The stock’s market capitalization is $70.91 million. The stock has a 50-day moving average price of $0.22 and a 200-day moving average price of $0.19. Banro Co. has a one year low of $0.15 and a one year high of $0.40.

Banro Corporation (NYSE:BAA) 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.