Shares of Tower Resources Ltd. (CVE:TWR – Get Free Report) rose 25% during trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 154,253 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 102,948 shares. The stock had previously closed at C$0.12.
Tower Resources Stock Up 3.4 %
The stock has a market cap of C$23.37 million, a price-to-earnings ratio of -280.00 and a beta of 0.58. The company has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.11.
About Tower Resources
Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which includes 10 mineral tenures totaling 2,975 hectares situated in the Nechako Plateau Region of central British Columbia; and the More Creek project that consists of 5 mineral tenures totaling 6,430 hectares located in the Golden Triangle District of northwest British Columbia.
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