Shares of Tower Resources Ltd (CVE:TWR) rose 11.1% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05, approximately 145,000 shares changed hands during trading. A decline of 10% from the average daily volume of 161,211 shares. The stock had previously closed at C$0.05.
The firm’s 50 day simple moving average is C$0.05. The firm has a market capitalization of $5.24 million and a PE ratio of -6.25.
About Tower Resources (CVE:TWR)
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 principal properties include the Rabbit North copper-gold porphyry 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 comprises 10 mineral tenures totalling 2,975 hectares in the Nechako Plateau Region of central British Columbia; the Belle copper-gold porphyry project in the Toodoggone district; and the More Creek and Voigtberg gold projects in the Golden Triangle area.
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