Tower Resources (CVE:TWR) Shares Up 18.2% – Should You Buy?

by · The Cerbat Gem

Tower Resources Ltd. (CVE:TWR – Get Free Report) shot up 18.2% on Thursday . The company traded as high as C$0.13 and last traded at C$0.13. 592,900 shares changed hands during trading, an increase of 530% from the average session volume of 94,080 shares. The stock had previously closed at C$0.11.

Tower Resources Trading Up 18.2 %

The firm has a market capitalization of C$20.25 million, a PE ratio of -280.00 and a beta of 0.58. The business has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.10.

About Tower Resources

(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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