Torq Resources (CVE:TORQ) Shares Up 36.8% – Here’s What Happened
by Jessica Moore · The Cerbat GemTorq Resources Inc. (CVE:TORQ – Get Free Report)’s share price shot up 36.8% during mid-day trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.13. 535,000 shares were traded during trading, an increase of 287% from the average session volume of 138,352 shares. The stock had previously closed at C$0.10.
Torq Resources Stock Up 36.8%
The firm’s fifty day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.10. 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 company has a market capitalization of C$24.16 million, a price-to-earnings ratio of -1.30 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.