Tower Resources (LON:TRP) Shares Down 7.7%

Tower Resources plc (LON:TRP)’s share price fell 7.7% during trading on Wednesday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 32,542,459 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 274,142,375 shares. The stock had previously closed at GBX 0.01 ($0.00).

Tower Resources Stock Down 15.4 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.06 and a current ratio of 0.51. The company has a market capitalization of £1.83 million, a price-to-earnings ratio of -2.65 and a beta of 1.06. The business’s 50 day moving average is GBX 0.02 and its 200 day moving average is GBX 0.02.

Tower Resources Company Profile

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.