Tower Resources (LON:TRP) Trading Up 7.7% – What’s Next?

Tower Resources plc (LON:TRP) shares were up 7.7% on Friday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 1,002,366,250 shares were traded during trading, an increase of 146% from the average daily volume of 407,513,781 shares. The stock had previously closed at GBX 0.03 ($0.00).

Tower Resources Price Performance

The business’s 50 day moving average price is GBX 0.03 and its two-hundred day moving average price is GBX 0.03. The stock has a market cap of £5.03 million, a P/E ratio of -2.65 and a beta of 1.12. 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.