Tower Resources plc (LON:TRP – Get Free Report) rose 35.1% during trading on Friday . The company traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 2,147,000,000 shares changed hands during mid-day trading, an increase of 172% from the average daily volume of 790,018,500 shares. The stock had previously closed at GBX 0.04 ($0.00).
Tower Resources Stock Up 5.4 %
The business has a 50 day moving average of GBX 0.03 and a 200 day moving average of GBX 0.02. 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 firm has a market capitalization of £7.01 million, a price-to-earnings ratio of -2.65 and a beta of 1.12.
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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