Tower Resources (LON:TRP) Hits New 12-Month Low – Should You Sell?

Tower Resources plc (LON:TRP) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02, with a volume of 288383656 shares trading hands. The stock had previously closed at GBX 0.02.

Tower Resources Trading Up 5.9%

The company has a current ratio of 0.21, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07. The business’s 50-day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.02. The company has a market capitalization of £7.25 million, a PE ratio of -0.30 and a beta of 1.12.

Tower Resources Company Profile

Tower Resources is an African-focused energy company advancing its operation in Cameroon towards production and cash flow, and de-risking attractive exploration licenses in the emerging oil and gas provinces of Namibia and South Africa, where world-class discoveries have recently been made.

The Company’s strategy is to build a balanced portfolio of energy opportunities in Africa across the exploration and production cycle in oil and gas and beyond, in stable jurisdictions that the Company knows well and that offer excellent fiscal terms.