Tower Resources (CVE:TWR) Shares Up 7.7% – Here’s Why

Tower Resources Ltd. (CVE:TWRGet Free Report) was up 7.7% during trading on Friday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 71,500 shares were traded during trading, a decline of 16% from the average daily volume of 84,797 shares. The stock had previously closed at C$0.20.

Tower Resources Stock Up 7.7%

The business has a 50-day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.17. The stock has a market capitalization of C$33.84 million, a price-to-earnings ratio of -280.00 and a beta of -0.31.

About Tower Resources

(Get Free Report)

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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