Tower Resources (CVE:TWR) Stock Price Down 12.5% – Here’s Why

Tower Resources Ltd. (CVE:TWR)’s stock price traded down 12.5% during mid-day trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 207,097 shares were traded during trading, an increase of 133% from the average daily volume of 89,014 shares. The stock had previously closed at C$0.16.

Tower Resources Stock Performance

The firm has a market cap of C$25.71 million, a price-to-earnings ratio of -7.25 and a beta of 0.57. The stock has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.17.

About Tower Resources

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.