Shares of Tower Resources plc (LON:TRP – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.02 ($0.00) and traded as high as GBX 0.04 ($0.00). Tower Resources shares last traded at GBX 0.03 ($0.00), with a volume of 200,582,984 shares changing hands.
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 stock has a market cap of £6.29 million, a price-to-earnings ratio of -2.65 and a beta of 1.12. The stock’s 50 day moving average is GBX 0.03 and its two-hundred day moving average is GBX 0.02.
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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