The stock of Tower Resources PLC (LON:TRP) hit a new 52-week low and has GBX 1.99 target or 13.00% below today’s GBX 2.29 share price. The 7 months bearish chart indicates high risk for the GBX 2.49 million company. The 1-year low was reported on Nov, 11 by Barchart.com. If the GBX 1.99 price target is reached, the company will be worth GBX 323,700 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.37% or GBX 0.08 on November 11, hitting GBX 2.29. About 136 shares traded hands. Tower Resources PLC (LON:TRP) has declined 75.00% since April 14, 2016 and is downtrending. It has underperformed by 81.15% the S&P500.
Another recent and important Tower Resources PLC (LON:TRP) news was published by Wsj.com which published an article titled: “Tower Resources to Spend $43 Million On Cameroon Oil Exploration” on September 16, 2015.
Tower Resources Plc is a United Kingdom upstream gas and oil company. The company has a market cap of 2.49 million GBP. The Company’s operating divisions are Africa and Head Office. It currently has negative earnings. The Firm has exploration projects in Cameroon, South Africa, Zambia and Sahrawi Arab Democratic Republic .
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