Tower Resources plc (LON:TRP – Get Free Report) traded up 13.3% on Wednesday. The stock traded as high as GBX 0.02 and last traded at GBX 0.02. Approximately 441,534,781 shares traded hands during trading, an increase of 67% from the average daily volume of 264,942,563 shares. The stock had previously closed at GBX 0.01.
Tower Resources Price Performance
The firm has a market capitalization of £6.77 million, a price-to-earnings ratio of -0.25 and a beta of 1.12. The company has a current ratio of 0.21, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of GBX 0.02 and a 200 day moving average price of 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.
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