Tower Resources (LON:TRP) Reaches New 52-Week Low at $0.03

Shares of Tower Resources plc (LON:TRPGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00), with a volume of 30748647 shares traded. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Stock Performance

The stock has a market capitalization of £2.45 million, a price-to-earnings ratio of -2.65 and a beta of 1.21. The company’s fifty day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.04. The company has a quick ratio of 0.06, a current ratio of 0.51 and a debt-to-equity ratio of 0.12.

About Tower Resources

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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 located in the offshore South Africa.

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