Tower Resources (CVE:TWR) Sets New 12-Month High – Still a Buy?

Tower Resources Ltd. (CVE:TWR) shares hit a new 52-week high on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15, with a volume of 93500 shares trading hands. The stock had previously closed at C$0.14.

Tower Resources Stock Performance

The stock has a market capitalization of C$22.59 million, a P/E ratio of -280.00 and a beta of 0.58. The firm has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.11.

Tower Resources Company Profile

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.