Tower Resources plc (LON:TRP – Get Free Report)’s stock price dropped 11.1% on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 65,285,805 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 255,411,172 shares. The stock had previously closed at GBX 0.02 ($0.00).
Tower Resources Stock Performance
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.06 and a current ratio of 0.51. The stock’s 50-day simple moving average is GBX 0.01 and its 200 day simple moving average is GBX 0.02. The company has a market capitalization of £2.85 million, a PE ratio of -2.65 and a beta of 0.99.
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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