Tower Resources (CVE:TWR) Shares Down 4.5% – Here’s Why

Tower Resources Ltd. (CVE:TWR)’s stock price traded down 4.5% during trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.11. 75,500 shares traded hands during trading, a decline of 18% from the average session volume of 92,531 shares. The stock had previously closed at C$0.11.

Tower Resources Stock Performance

The stock has a market cap of C$16.36 million, a price-to-earnings ratio of -280.00 and a beta of 0.58. The business has a fifty day simple moving average of C$0.11 and a 200 day simple moving average of C$0.10.

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.