Tower Resources Ltd. (CVE:TWR – Get Rating) Senior Officer Leah Hodges sold 70,000 shares of Tower Resources stock in a transaction that occurred on Monday, May 30th. The shares were sold at an average price of C$0.31, for a total transaction of C$21,700.00. Following the sale, the insider now directly owns 281,250 shares in the company, valued at C$87,187.50.

CVE:TWR traded down C$0.01 during mid-day trading on Tuesday, hitting C$0.33. 75,250 shares of the company’s stock were exchanged, compared to its average volume of 402,386. The company has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.17. Tower Resources Ltd. has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.33. The firm has a market capitalization of C$42.53 million and a P/E ratio of -280.00.

Tower Resources Company Profile (Get Rating)

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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