Torq Resources (CVE:TORQ) Reaches New 1-Year Low – Time to Sell?

Shares of Torq Resources Inc. (CVE:TORQGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 5099 shares changing hands. The stock had previously closed at C$0.04.

Torq Resources Price Performance

The company’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.07. The stock has a market capitalization of C$8.37 million, a price-to-earnings ratio of -0.64 and a beta of 1.42. The company has a quick ratio of 10.31, a current ratio of 0.18 and a debt-to-equity ratio of -252.10.

About Torq Resources

(Get Free Report)

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.

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