Tower Resources (CVE:TWR) Stock Price Up 11.1% – Still a Buy?

Tower Resources Ltd. (CVE:TWR) rose 11.1% during mid-day trading on Monday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 3,000 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 88,946 shares. The stock had previously closed at C$0.14.

Tower Resources Trading Up 11.1%

The firm has a 50-day moving average of C$0.12 and a 200-day moving average of C$0.12. The stock has a market capitalization of C$23.37 million, a price-to-earnings ratio of -280.00 and a beta of 0.58.

About Tower Resources

Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which includes 10 mineral tenures totaling 2,975 hectares situated in the Nechako Plateau Region of central British Columbia; and the More Creek project that consists of 5 mineral tenures totaling 6,430 hectares located in the Golden Triangle District of northwest British Columbia.