Tower Resources (LON:TRP) Shares Down 10.3% – Should You Sell?

Tower Resources plc (LON:TRP)’s stock price dropped 10.3% during trading on Monday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 2,147,000,000 shares traded hands during mid-day trading, an increase of 199% from the average daily volume of 717,631,125 shares. The stock had previously closed at GBX 0.04 ($0.00).

Tower Resources Trading Down 10.3 %

The firm has a 50 day moving average of GBX 0.03 and a 200 day moving average of GBX 0.02. The firm has a market cap of £6.29 million, a PE ratio of -2.65 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.

Tower Resources Company Profile

Tower Resources Plc engages in the oil and gas exploration activities in Africa. The company holds a 100% interest in the Thali production sharing contract that covers an area of 119.2 square kilometers located in the Rio del Rey basin, offshore Cameroon; and a 50% interest in the Algoa-Gamtoos license that covers an area of 9,369 square kilometers located in the offshore South Africa.