Insider Buying: Tower Resources Ltd. (CVE:TWR) Director Acquires 100,000 Shares of Stock

Tower Resources Ltd. (CVE:TWR) Director Stuart Allan Averill acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$12,000.00.

Tower Resources Price Performance

CVE TWR opened at C$0.13 on Thursday. Tower Resources Ltd. has a 1-year low of C$0.07 and a 1-year high of C$0.17. The company has a market cap of C$19.48 million, a PE ratio of -280.00 and a beta of 0.58. The stock’s 50 day simple moving average is C$0.14 and its 200-day simple moving average is C$0.12.

Tower Resources Company Profile

Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which includes 10 mineral tenures totaling 2,975 hectares situated in the Nechako Plateau Region of central British Columbia; and the More Creek project that consists of 5 mineral tenures totaling 6,430 hectares located in the Golden Triangle District of northwest British Columbia.