Tower Resources (LON:TRP) Stock Price Passes Below Two Hundred Day Moving Average of $0.71

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Tower Resources PLC (LON:TRP)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.71 and traded as low as $0.36. Tower Resources shares last traded at $0.36, with a volume of 1,487,020 shares.

The stock’s 50 day moving average price is GBX 0.41 and its two-hundred day moving average price is GBX 0.71. The firm has a market capitalization of $2.89 million and a price-to-earnings ratio of -0.76.

About Tower Resources (LON:TRP)

Tower Resources Plc operates as an independent oil and gas exploration company in Africa. The company holds a 100% interest in the Thali production sharing contract that covers an area of 119.2 square kilometers located in the Rio del Rey basin, offshore Cameroon; and a 50% interest in the Algoa-Gamtoos license that covers an area of 11,809 square kilometers located in the offshore South Africa.

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