Tower Resources (LON:TRP) Reaches New 12-Month Low – What’s Next?

Tower Resources plc (LON:TRP) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 0.01 and last traded at GBX 0.02, with a volume of 141750594 shares trading hands. The stock had previously closed at GBX 0.02.

Tower Resources Stock Performance

The firm has a 50 day moving average price of GBX 0.02 and a 200-day moving average price of GBX 0.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.06 and a current ratio of 0.21. The company has a market cap of £7.06 million, a P/E ratio of -0.28 and a beta of 1.12.

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.