Tower Resources Ltd. (CVE:TWR – Get Free Report) dropped 16.7% during trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 219,952 shares changed hands during mid-day trading, an increase of 115% from the average daily volume of 102,355 shares. The stock had previously closed at C$0.09.
Tower Resources Stock Performance
The stock has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.10. The company has a market capitalization of C$10.89 million, a PE ratio of -280.00 and a beta of 0.53.
Tower Resources Company Profile
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.
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