Tower Resources Ltd. (CVE:TWR – Get Free Report) shares fell 14.6% during mid-day trading on Tuesday . The company traded as low as C$0.21 and last traded at C$0.21. 108,030 shares changed hands during trading, a decline of 11% from the average session volume of 121,361 shares. The stock had previously closed at C$0.24.
Tower Resources Price Performance
The firm has a market capitalization of C$35.45 million, a price-to-earnings ratio of -280.00 and a beta of -0.82. The business’s 50-day moving average price is C$0.22 and its 200 day moving average price is C$0.19.
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.
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