Tower Resources (LON:TRP) Stock Crosses Below 200 Day Moving Average of $0.20

Tower Resources plc (LON:TRP – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0.20 ($0.00) and traded as low as GBX 0.16 ($0.00). Tower Resources shares last traded at GBX 0.16 ($0.00), with a volume of 20,509,532 shares changing hands.

Tower Resources Price Performance

The firm has a market capitalization of £6.10 million, a price-to-earnings ratio of -2.65 and a beta of 1.09. The company’s 50 day moving average is GBX 0.17 and its 200-day moving average is GBX 0.20. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.17.

Tower Resources Company Profile

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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 situated in the offshore South Africa.