Torq Resources (CVE:TORQ) Shares Up 11.8% – Here’s What Happened

Torq Resources Inc. (CVE:TORQ)’s share price was up 11.8% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 116,004 shares changed hands during trading, an increase of 30% from the average daily volume of 89,427 shares. The stock had previously closed at C$0.09.

Torq Resources Stock Performance

The business has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.10. The company has a market cap of C$16.73 million, a P/E ratio of -0.82 and a beta of 0.95. The company has a quick ratio of 10.31, a current ratio of 0.08 and a debt-to-equity ratio of -147.04.

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.