Tower Resources Ltd. (CVE:TWR – Get Free Report) rose 8.3% during mid-day trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.13. Approximately 63,753 shares traded hands during trading, a decline of 35% from the average daily volume of 98,184 shares. The stock had previously closed at C$0.12.
Tower Resources Price Performance
The company’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.11. The stock has a market cap of C$23.37 million, a P/E ratio of -280.00 and a beta of 0.58.
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.
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