Tower Resources (LON:TRP) Stock Price Up 7.1% – Should You Buy?

Tower Resources plc (LON:TRP)’s share price rose 7.1% on Friday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 281,988,781 shares were traded during trading, a decline of 40% from the average daily volume of 468,700,406 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Stock Performance

The stock’s fifty day moving average price is GBX 0.03 and its two-hundred day moving average price is GBX 0.02. 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 company has a market cap of £5.57 million, a P/E ratio of -2.65 and a beta of 1.12.

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.