Tower Resources (LON:TRP) Stock Price Up 7.1% – Should You Buy?

Tower Resources plc (LON:TRP)’s stock price traded up 7.1% during trading on Friday . The stock traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 281,988,781 shares were traded during mid-day trading, a decline of 40% from the average session volume of 468,700,406 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Stock Performance

The company has a current ratio of 0.21, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.02. The stock has a market capitalization of £5.57 million, a price-to-earnings ratio of -2.65 and a beta of 1.12.

Tower Resources Company Profile

Tower Resources is an African-focused energy company advancing its operation in Cameroon towards production and cash flow, and de-risking attractive exploration licenses in the emerging oil and gas provinces of Namibia and South Africa, where world-class discoveries have recently been made.

The Company’s strategy is to build a balanced portfolio of energy opportunities in Africa across the exploration and production cycle in oil and gas and beyond, in stable jurisdictions that the Company knows well and that offer excellent fiscal terms.