Tower Resources (LON:TRP) Sets New 12-Month Low – Here’s Why

Tower Resources plc (LON:TRP) reached a new 52-week low during trading on Monday. The company traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 1692555625 shares changing hands. The stock had previously closed at GBX 0.01.

Tower Resources Stock Performance

The business’s fifty day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.02. The stock has a market capitalization of £6.32 million, a PE ratio of -0.23 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.

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.