Tower Resources (CVE:TWR) Hits New 12-Month High – Still a Buy?

Tower Resources Ltd. (CVE:TWRGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.24, with a volume of 88835 shares traded. The stock had previously closed at C$0.22.

Tower Resources Price Performance

The firm’s 50 day simple moving average is C$0.21 and its 200-day simple moving average is C$0.17. The company has a market cap of C$38.67 million, a price-to-earnings ratio of -280.00 and a beta of -0.31.

Tower Resources Company Profile

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Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which includes 10 mineral tenures totaling 2,975 hectares situated in the Nechako Plateau Region of central British Columbia; and the More Creek project that consists of 5 mineral tenures totaling 6,430 hectares located in the Golden Triangle District of northwest British Columbia.

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