Tower Resources (LON:TRP) Shares Up 25% – Should You Buy?

Shares of Tower Resources plc (LON:TRP) traded up 25% during mid-day trading on Tuesday . The stock traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 666,502,500 shares were traded during mid-day trading, an increase of 101% from the average session volume of 330,839,156 shares. The stock had previously closed at GBX 0.02 ($0.00).

Tower Resources Stock Performance

The firm has a market cap of £4.85 million, a P/E ratio of -2.65 and a beta of 1.12. 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 business’s 50-day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.03.

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.