Tower Resources (LON:TRP) Trading Down 10.3% – Should You Sell?

Tower Resources plc (LON:TRP)’s share price dropped 10.3% on Monday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 2,147,000,000 shares traded hands during trading, an increase of 199% from the average daily volume of 717,631,125 shares. The stock had previously closed at GBX 0.04 ($0.00).

Tower Resources Stock Up 2.9 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.06 and a current ratio of 0.21. The firm has a 50 day simple moving average of GBX 0.03 and a two-hundred day simple moving average of GBX 0.02. The stock has a market cap of £6.29 million, a P/E ratio of -2.65 and a beta of 1.12.

Tower Resources Company Profile

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.