Tower Resources (CVE:TWR) Stock Price Up 25% – Should You Buy?

Tower Resources Ltd. (CVE:TWR) shares rose 25% during mid-day trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 154,253 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 102,948 shares. The stock had previously closed at C$0.12.

Tower Resources Trading Up 25.0 %

The company has a market capitalization of C$23.37 million, a price-to-earnings ratio of -280.00 and a beta of 0.58. The firm’s 50 day simple moving average is C$0.13 and its 200-day simple moving average is C$0.11.

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.