Tower Resources (CVE:TWR) Trading Down 16.1%

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Tower Resources Ltd. (CVE:TWRGet Rating)’s stock price traded down 16.1% on Wednesday . The company traded as low as C$0.24 and last traded at C$0.26. 382,217 shares were traded during mid-day trading, an increase of 2% from the average session volume of 372,987 shares. The stock had previously closed at C$0.31.

The stock’s 50-day moving average price is C$0.30 and its two-hundred day moving average price is C$0.22. The stock has a market capitalization of C$31.07 million and a PE ratio of -280.00.

Tower Resources Company Profile (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 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 include 10 mineral tenures totaling 2,975 hectares in the Nechako Plateau Region of central British Columbia; the Belle copper-gold porphyry project consisting of seven claims totaling 1691 hectares located in the Toodoggone district; and the More Creek project comprising 5 mineral tenures totaling 6,430 hectares situated in the Golden Triangle District of northwest British Columbia.

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