Tower Resources (LON:TRP) Trading Up 7.7% – Here’s What Happened

Tower Resources plc (LON:TRP)’s share price was up 7.7% during trading on Friday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 1,002,366,250 shares changed hands during trading, an increase of 146% from the average daily volume of 407,513,781 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Stock Performance

The stock has a 50 day simple moving average of GBX 0.03 and a 200 day simple moving average of GBX 0.03. The company has a current ratio of 0.21, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07. The stock has a market cap of £5.03 million, a P/E ratio of -2.65 and a beta of 1.12.

Tower Resources Company Profile

Tower Resources is an African-focused energy company advancing its operation in Cameroon towards production and cash flow, and de-risking attractive exploration licenses in the emerging oil and gas provinces of Namibia and South Africa, where world-class discoveries have recently been made.

The Company’s strategy is to build a balanced portfolio of energy opportunities in Africa across the exploration and production cycle in oil and gas and beyond, in stable jurisdictions that the Company knows well and that offer excellent fiscal terms.