Torq Resources (CVE:TORQ) Stock Price Down 11.1% – Here’s Why

Shares of Torq Resources Inc. (CVE:TORQ) traded down 11.1% during trading on Wednesday. The company traded as low as C$0.04 and last traded at C$0.04. 173,022 shares were traded during trading, an increase of 134% from the average daily volume of 74,006 shares. The stock had previously closed at C$0.04.

Torq Resources Stock Performance

The stock’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.07. The company has a debt-to-equity ratio of -248.76, a current ratio of 0.17 and a quick ratio of 10.31. The firm has a market capitalization of C$7.44 million, a PE ratio of -0.80 and a beta of 1.24.

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.