Tower Resources (LON:TRP) Sets New 1-Year Low – Time to Sell?

Tower Resources plc (LON:TRP)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 119457672 shares changing hands. The stock had previously closed at GBX 0.02.

Tower Resources Stock Performance

The company has a market cap of £6.42 million, a P/E ratio of -0.25 and a beta of 1.12. The company has a quick ratio of 0.06, a current ratio of 0.21 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.02.

About Tower Resources

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.