Tower Resources (CVE:TWR) Trading Up 4.3% – Here’s Why

Tower Resources Ltd. (CVE:TWR)’s share price rose 4.3% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 4,000 shares changed hands during trading, a decline of 95% from the average daily volume of 86,230 shares. The stock had previously closed at C$0.12.

Tower Resources Stock Performance

The company has a market cap of C$18.70 million, a price-to-earnings ratio of -280.00 and a beta of 0.58. The business has a fifty day moving average price of C$0.14 and a 200 day moving average price of C$0.12.

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.