Torq Resources (CVE:TORQ) Shares Up 25% – Here’s Why

Torq Resources Inc. (CVE:TORQ) shot up 25% during mid-day trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 114,987 shares changed hands during trading, an increase of 51% from the average session volume of 76,362 shares. The stock had previously closed at C$0.06.

Torq Resources Trading Up 25.0 %

The company has a current ratio of 0.22, a quick ratio of 10.31 and a debt-to-equity ratio of 152.74. The business has a 50 day moving average price of C$0.06 and a 200-day moving average price of C$0.07. The firm has a market capitalization of C$10.43 million, a PE ratio of -0.63 and a beta of 0.84.

Torq Resources Company Profile

Torq Resources Inc, a junior exploration company, engages in the acquisition and exploration of mineral properties in the Americas. It has an option to acquire 100% interests in the Margarita iron oxide-copper-gold project covering an area of approximately 1,445 hectares located in the city of Copiapo, Chile; Santa Cecilia gold-copper project, which covers an area of 3,250-hectares located in Chile; and Andrea copper porphyry project that covers an area of 1,200 hectares located in northern Chile.