Tower Resources (LON:TRP) Trading Up 35.1% – Here’s Why

Tower Resources plc (LON:TRP)’s share price traded up 35.1% on Friday . The company traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.05 ($0.00). 2,147,000,000 shares changed hands during trading, an increase of 172% from the average session volume of 790,018,500 shares. The stock had previously closed at GBX 0.04 ($0.00).

Tower Resources Price Performance

The stock has a market cap of £7.01 million, a price-to-earnings ratio of -2.65 and a beta of 1.12. The business’s fifty day simple moving average is GBX 0.03 and its 200 day simple moving average is GBX 0.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.06 and a current ratio of 0.21.

Tower Resources Company Profile

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.