Tower Resources (CVE:TWR) Shares Up 11.1%

Tower Resources Ltd (CVE:TWR)’s stock price shot up 11.1% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05, 145,000 shares were traded during trading. A decline of 10% from the average session volume of 161,211 shares. The stock had previously closed at C$0.05.

The company has a 50-day moving average of C$0.05. The firm has a market cap of $5.24 million and a PE ratio of -6.25.

Tower Resources Company Profile (CVE:TWR)

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 principal properties include the Rabbit North copper-gold porphyry 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 comprises 10 mineral tenures totalling 2,975 hectares in the Nechako Plateau Region of central British Columbia; the Belle copper-gold porphyry project in the Toodoggone district; and the More Creek and Voigtberg gold projects in the Golden Triangle area.

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