Shares of Tower Resources Ltd. (CVE:TWR – Get Free Report) rose 8.3% on Tuesday . The company traded as high as C$0.14 and last traded at C$0.13. Approximately 63,753 shares were traded during trading, a decline of 35% from the average daily volume of 98,184 shares. The stock had previously closed at C$0.12.
Tower Resources Price Performance
The firm has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.11. The firm has a market cap of C$23.37 million, a price-to-earnings ratio of -280.00 and a beta of 0.58.
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.
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