Tower Resources (CVE:TWR) Stock Price Up 5.6%

Tower Resources Ltd. (CVE:TWR – Get Rating) was up 5.6% during mid-day trading on Wednesday . The stock traded as high as C$0.40 and last traded at C$0.38. Approximately 502,160 shares changed hands during trading, an increase of 33% from the average daily volume of 376,552 shares. The stock had previously closed at C$0.36.

The firm has a market cap of C$45.80 million and a price-to-earnings ratio of -280.00. The company’s 50-day moving average is C$0.29 and its 200-day moving average is C$0.20.

About Tower Resources (CVE:TWR)

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 include 10 mineral tenures totaling 2,975 hectares in the Nechako Plateau Region of central British Columbia; the Belle copper-gold porphyry project consisting of seven claims totaling 1691 hectares located in the Toodoggone district; and the More Creek project comprising 5 mineral tenures totaling 6,430 hectares situated in the Golden Triangle District of northwest British Columbia.

Featured Articles