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Tower Resources ( (GB:TRP) ) has shared an update.
Tower Resources has raised £375,000 via a discounted share subscription of approximately 1.7 billion new ordinary shares at 0.022p each, with admission to trading on AIM expected around 4 February 2026, taking its enlarged share capital to nearly 34 billion shares. The funds are earmarked for working capital as the company awaits government approvals needed to complete agreed farm-out deals in Cameroon and Namibia, where national authorities have reiterated support and resumed due diligence work; in parallel, Tower is progressing financing options for the next phase of Njonji field development and ongoing data work in Namibia, moves that underscore both its capital constraints and its push to advance African assets despite regulatory delays.
The most recent analyst rating on (GB:TRP) stock is a Hold with a £0.02 price target. To see the full list of analyst forecasts on Tower Resources stock, see the GB:TRP Stock Forecast page.
Spark’s Take on GB:TRP Stock
According to Spark, TipRanks’ AI Analyst, GB:TRP is a Neutral.
The score is primarily held back by financial performance—no revenue, ongoing losses, and negative free cash flow—partly offset by low leverage and a relatively stronger balance sheet. Technical indicators show weak momentum, and valuation is constrained by a negative P/E and no dividend support.
To see Spark’s full report on GB:TRP stock, click here.
More about Tower Resources
Tower Resources plc is an AIM-listed energy company focused on building a balanced portfolio of oil and gas and wider energy opportunities in Africa. The company is currently concentrating on short-cycle development and rapid production at its Njonji project in Cameroon to generate cash flow, while also de‑risking exploration licences in Namibia and South Africa through 3D seismic acquisition in emerging hydrocarbon provinces with recent large discoveries.
Average Trading Volume: 235,121,005
Technical Sentiment Signal: Sell
Current Market Cap: £8.39M
For a thorough assessment of TRP stock, go to TipRanks’ Stock Analysis page.