Tower Resources (CVE:TWR) Stock Price Down 14.6% – Time to Sell?

Tower Resources Ltd. (CVE:TWR) shares traded down 14.6% during mid-day trading on Tuesday . The stock traded as low as C$0.21 and last traded at C$0.21. 108,030 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 121,361 shares. The stock had previously closed at C$0.24.

Tower Resources Trading Down 8.3%

The stock’s 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.19. The stock has a market capitalization of C$35.45 million, a P/E ratio of -280.00 and a beta of -0.82.

Tower Resources Company Profile

Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which includes 10 mineral tenures totaling 2,975 hectares situated in the Nechako Plateau Region of central British Columbia; and the More Creek project that consists of 5 mineral tenures totaling 6,430 hectares located in the Golden Triangle District of northwest British Columbia.