Tower Resources (LON:TRP) Reaches New 12-Month Low – What’s Next?

Shares of Tower Resources plc (LON:TRP) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 0.01 and last traded at GBX 0.02, with a volume of 141750594 shares. The stock had previously closed at GBX 0.02.

Tower Resources Trading Down 5.9%

The stock has a market capitalization of £6.65 million, a P/E ratio of -0.27 and a beta of 1.12. The stock’s fifty day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.02. The company has a current ratio of 0.21, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07.

About Tower Resources

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.