Torq Resources (CVE:TORQ) Reaches New 1-Year Low – Should You Sell?

Torq Resources Inc. (CVE:TORQ)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 19018 shares. The stock had previously closed at C$0.05.

Torq Resources Stock Down 10.0%

The firm’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.08. The stock has a market cap of C$8.37 million, a price-to-earnings ratio of -0.64 and a beta of 1.52. The company has a debt-to-equity ratio of -252.10, a current ratio of 0.18 and a quick ratio of 10.31.

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.