Tower Resources plc (LON:TRP – Get Free Report) traded down 11.8% on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 13,027,808 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 251,743,156 shares. The stock had previously closed at GBX 0.02 ($0.00).
Tower Resources Price Performance
The company has a market capitalization of £2.67 million, a P/E ratio of -2.65 and a beta of 0.99. The company has a quick ratio of 0.06, a current ratio of 0.51 and a debt-to-equity ratio of 0.09. The business has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.02.
About Tower Resources
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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