Tower Resources (LON:TRP) Sets New 1-Year Low – What’s Next?

Tower Resources plc (LON:TRP) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 349983531 shares. The stock had previously closed at GBX 0.01.

Tower Resources Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.21 and a quick ratio of 0.06. The company’s fifty day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.02. The company has a market cap of £6.32 million, a PE ratio of -0.23 and a beta of 1.12.

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.