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

Tower Resources plc (LON:TRPGet Free Report) fell 10.3% during mid-day trading on Monday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.04 ($0.00). 2,147,000,000 shares were traded during mid-day trading, an increase of 199% from the average session volume of 717,631,125 shares. The stock had previously closed at GBX 0.04 ($0.00).

Tower Resources Trading Up 2.9 %

The firm has a market cap of £6.29 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 firm has a fifty day moving average of GBX 0.03 and a 200-day moving average of GBX 0.02.

About Tower Resources

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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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