Tower Resources (LON:TRP) Trading Up 7.7% – What’s Next?

Tower Resources plc (LON:TRP)’s share price was up 7.7% during mid-day trading on Friday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 1,002,366,250 shares changed hands during mid-day trading, an increase of 146% from the average daily volume of 407,513,781 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Stock Performance

The firm has a market cap of £5.03 million, a P/E ratio of -2.65 and a beta of 1.12. 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 business’s fifty day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.03.

About Tower Resources

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.