Tower Resources (LON:TRP) Reaches New 1-Year Low – Time to Sell?

Tower Resources plc (LON:TRP) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 242542672 shares trading hands. The stock had previously closed at GBX 0.01.

Tower Resources Stock Performance

The firm has a market capitalization of £6.42 million, a P/E ratio of -0.25 and a beta of 1.12. The company has a quick ratio of 0.06, a current ratio of 0.21 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of GBX 0.02 and a 200-day moving average price of GBX 0.02.

Tower Resources Company Profile

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.