Tower Resources plc (LON:TRP – Get Free Report) rose 13.3% during mid-day trading on Wednesday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 499,612,344 shares traded hands during trading, an increase of 68% from the average daily volume of 296,841,656 shares. The stock had previously closed at GBX 0.03 ($0.00).
Tower Resources Price Performance
The company has a market capitalization of £5.57 million, a PE ratio of -2.65 and a beta of 1.12. 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 firm’s 50-day moving average is GBX 0.03 and its 200-day moving average is GBX 0.02.
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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