Tower Resources (CVE:TWR) Shares Down 2.2% – Here’s What Happened

by · The Cerbat Gem

Tower Resources Ltd. (CVE:TWR – Get Free Report) fell 2.2% on Friday . The company traded as low as C$0.22 and last traded at C$0.22. 39,317 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 86,570 shares. The stock had previously closed at C$0.23.

Tower Resources Price Performance

The firm has a market capitalization of C$35.45 million, a price-to-earnings ratio of -280.00 and a beta of -0.48. The stock has a 50 day moving average price of C$0.21 and a two-hundred day moving average price of C$0.16.

Tower Resources Company Profile

(Get Free Report)

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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