Tower Resources (LON:TRP) Trading Up 7.7% – Here’s What Happened

Tower Resources plc (LON:TRP) shares were up 7.7% during mid-day trading on Friday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 1,002,366,250 shares were traded during mid-day trading, an increase of 146% from the average daily volume of 407,513,781 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Stock Performance

The company has a market capitalization of £5.03 million, a price-to-earnings ratio of -2.65 and a beta of 1.12. The stock has a 50-day moving average price of GBX 0.03 and a 200-day moving average price of GBX 0.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.21 and a quick ratio of 0.06.

About Tower Resources

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.