Shares of Torq Resources Inc. (CVE:TORQ – Get Free Report) were down 10% during mid-day trading on Thursday. The company traded as low as C$0.04 and last traded at C$0.04. Approximately 321,900 shares were traded during mid-day trading, an increase of 330% from the average session volume of 74,830 shares. The stock had previously closed at C$0.05.
Torq Resources Stock Performance
The company has a debt-to-equity ratio of -248.76, a quick ratio of 10.31 and a current ratio of 0.17. The stock has a market capitalization of C$7.44 million, a P/E ratio of -0.80 and a beta of 1.24. The business has a 50-day moving average price of C$0.06 and a 200 day moving average price of C$0.06.
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.
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