Tower Resources plc (LON:TRP – Get Free Report)’s stock price rose 7.1% during mid-day trading on Tuesday . The company traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 17,815,994 shares changed hands during trading, a decline of 93% from the average daily volume of 243,335,797 shares. The stock had previously closed at GBX 0.01 ($0.00).
Tower Resources Stock Performance
The stock’s 50-day simple moving average is GBX 0.01 and its 200-day simple moving average is GBX 0.02. The stock has a market cap of £2.50 million, a price-to-earnings ratio of -2.65 and a beta of 1.11. The company has a current ratio of 0.51, a quick ratio of 0.06 and a debt-to-equity ratio of 0.09.
About Tower Resources
Tower Resources Plc engages in the oil and gas exploration activities in Africa. The company holds a 100% interest in the Thali production sharing contract that covers an area of 119.2 square kilometers located in the Rio del Rey basin, offshore Cameroon; and a 50% interest in the Algoa-Gamtoos license that covers an area of 9,369 square kilometers located in the offshore South Africa.
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