Torrent Capital (CVE:TORR) Stock Price Up 15.5% – Time to Buy?

Torrent Capital Ltd. (CVE:TORRGet Free Report)’s share price rose 15.5% during trading on Tuesday . The stock traded as high as C$0.56 and last traded at C$0.56. Approximately 14,500 shares were traded during trading, a decline of 2% from the average daily volume of 14,789 shares. The stock had previously closed at C$0.49.

Torrent Capital Stock Performance

The firm has a 50-day moving average price of C$0.50 and a 200-day moving average price of C$0.56. The stock has a market cap of C$21.38 million, a PE ratio of 5.60 and a beta of -0.14.

About Torrent Capital

(Get Free Report)

Torrent Capital Ltd. operates as an investment company, primarily invests in the securities of public and private companies. It also focuses on the construction of port infrastructure; and provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments. The company was formerly known as Metallum Resources Inc and changed its name to Torrent Capital Ltd. in February 2017. Torrent Capital Ltd. is based in Halifax, Canada.

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