Tower Resources (LON:TRP) Shares Up 14.7% – Here’s What Happened

Tower Resources plc (LON:TRP) rose 14.7% during mid-day trading on Monday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 466,474,688 shares traded hands during trading, an increase of 56% from the average daily volume of 298,130,594 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Trading Up 14.7 %

The firm has a market cap of £7.01 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 current ratio of 0.21 and a quick ratio of 0.06. The stock has a 50 day moving average of GBX 0.03 and a 200 day moving average of 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.