Tower Resources (LON:TRP) Trading Down 15.6% – Time to Sell?

Shares of Tower Resources plc (LON:TRP) traded down 15.6% during trading on Tuesday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 140,571,938 shares were traded during mid-day trading, a decline of 53% from the average session volume of 298,428,500 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Price Performance

The stock has a market cap of £8.21 million, a price-to-earnings ratio of -280.00 and a beta of 1.12. The stock’s 50 day moving average price is GBX 0.04 and its two-hundred day moving average price is GBX 0.03. The company has a quick ratio of 0.06, a current ratio of 0.21 and a debt-to-equity ratio of 0.07.

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.