Torq Resources (CVE:TORQ) Trading Down 15.4% – Should You Sell?
by Michael Walen · The Markets DailyTorq Resources Inc. (CVE:TORQ – Get Free Report) fell 15.4% on Monday . The stock traded as low as C$0.11 and last traded at C$0.11. 100,234 shares were traded during mid-day trading, a decline of 25% from the average session volume of 132,907 shares. The stock had previously closed at C$0.13.
Torq Resources Stock Down 15.4%
The company has a current ratio of 0.08, a quick ratio of 10.31 and a debt-to-equity ratio of -147.04. The stock’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.10. The company has a market capitalization of C$20.44 million, a PE ratio of -1.10 and a beta of 1.41.
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.