Tower Resources (LON:TRP) Trading Up 10.7% – What’s Next?

Tower Resources plc (LON:TRP) shares were up 10.7% during trading on Wednesday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 802,404,938 shares changed hands during trading, an increase of 100% from the average daily volume of 401,189,156 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Stock Up 10.7 %

The firm’s 50-day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.06 and a current ratio of 0.21. The company has a market cap of £5.57 million, a P/E ratio of -2.65 and a beta of 1.12.

Tower Resources Company Profile

Tower Resources is an African-focused energy company advancing its operation in Cameroon towards production and cash flow, and de-risking attractive exploration licenses in the emerging oil and gas provinces of Namibia and South Africa, where world-class discoveries have recently been made.

The Company’s strategy is to build a balanced portfolio of energy opportunities in Africa across the exploration and production cycle in oil and gas and beyond, in stable jurisdictions that the Company knows well and that offer excellent fiscal terms.