Tower Resources (LON:TRP) Reaches New 1-Year Low at $0.41

Tower Resources PLC (LON:TRP)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.43 ($0.01), with a volume of 3867274 shares changing hands. The stock had previously closed at GBX 0.48 ($0.01).

The company has a market capitalization of $2.47 million and a price-to-earnings ratio of -0.85. The stock has a fifty day simple moving average of GBX 0.74 and a 200-day simple moving average of GBX 0.84.

Tower Resources Company Profile (LON:TRP)

Tower Resources Plc operates as an independent oil and gas exploration company 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 11,809 square kilometers located in the offshore South Africa.

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