Shares of Tower Resources plc (LON:TRP – Get Free Report) were down 10% during trading on Tuesday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 416,269,750 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 243,284,328 shares. The stock had previously closed at GBX 0.04 ($0.00).
Tower Resources Price Performance
The business’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 quick ratio of 0.06, a current ratio of 0.21 and a debt-to-equity ratio of 0.07. The company has a market capitalization of £5.75 million, a P/E ratio of -2.65 and a beta of 1.12.
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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