Tower Resources (CVE:TWR) Trading 10.5% Higher – Here’s What Happened

Tower Resources Ltd. (CVE:TWR) was up 10.5% during trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 77,500 shares changed hands during trading, a decline of 15% from the average daily volume of 90,901 shares. The stock had previously closed at C$0.10.

Tower Resources Price Performance

The company’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The firm has a market capitalization of C$16.36 million, a PE ratio of -280.00 and a beta of 0.58.

Tower Resources Company Profile

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.