Shares of Tower Resources plc (LON:TRP – Get Free Report) were down 15.4% on Tuesday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 616,153,438 shares were traded during mid-day trading, an increase of 144% from the average daily volume of 252,152,266 shares. The stock had previously closed at GBX 0.01 ($0.00).
Tower Resources Trading Down 8.3 %
The company has a market cap of £1.83 million, a price-to-earnings ratio of -2.65 and a beta of 1.06. The firm has a 50 day moving average price of GBX 0.01 and a two-hundred day moving average price of GBX 0.02. The company has a quick ratio of 0.06, a current ratio of 0.51 and a debt-to-equity ratio of 0.12.
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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