Tower Resources plc (LON:TRP – Get Free Report) rose 15% during trading on Tuesday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 1,212,371,579 shares changed hands during trading, an increase of 317% from the average daily volume of 290,618,031 shares. The stock had previously closed at GBX 0.02 ($0.00).
Tower Resources Stock Performance
The stock’s 50 day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.02. The company has a current ratio of 0.51, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. The company has a market cap of £3.83 million, a price-to-earnings ratio of -2.65 and a beta of 1.13.
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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