Tower Resources (LON:TRP) Sets New 52-Week Low – Here’s Why

Tower Resources plc (LON:TRP – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02, with a volume of 92595875 shares trading hands. The stock had previously closed at GBX 0.02.

Tower Resources Price Performance

The company has a 50 day moving average of GBX 0.02 and a 200 day moving average of GBX 0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.06 and a current ratio of 0.21. The stock has a market capitalization of £8.46 million, a price-to-earnings ratio of -0.35 and a beta of 1.12.

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About Tower Resources

(Get Free Report)

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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