Shares of Torq Resources Inc. (CVE:TORQ – Get Free Report) rose 11.8% during trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 116,004 shares changed hands during trading, an increase of 30% from the average daily volume of 89,427 shares. The stock had previously closed at C$0.09.
Torq Resources Stock Up 11.8%
The stock has a market capitalization of C$17.65 million, a price-to-earnings ratio of -0.86 and a beta of 0.95. The company has a debt-to-equity ratio of -147.04, a current ratio of 0.08 and a quick ratio of 10.31. The business has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.10.
About Torq Resources
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.
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