Tower Resources (CVE:TWR) Shares Down 10.5% – Should You Sell?

Tower Resources Ltd. (CVE:TWR) shares were down 10.5% during mid-day trading on Friday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 151,833 shares were traded during trading, an increase of 43% from the average daily volume of 105,912 shares. The stock had previously closed at C$0.19.

Tower Resources Stock Down 7.9%

The company’s 50-day moving average is C$0.22 and its two-hundred day moving average is C$0.20. The company has a market capitalization of C$28.20 million, a P/E ratio of -280.00 and a beta of -0.77.

Tower Resources Company Profile

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.