Torq Resources (CVE:TORQ) Shares Down 15.4% – Here’s Why
by Danessa Lincoln · The Markets DailyTorq Resources Inc. (CVE:TORQ – Get Free Report)’s stock price dropped 15.4% during trading on Monday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 100,234 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 132,907 shares. The stock had previously closed at C$0.13.
Torq Resources Price Performance
The business has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.10. 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 stock has a market cap 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.