Torq Resources (CVE:TORQ) Hits New 1-Year Low – Here’s Why

Torq Resources Inc. (CVE:TORQGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 215036 shares traded. The stock had previously closed at C$0.06.

Torq Resources Price Performance

The company has a debt-to-equity ratio of -252.10, a current ratio of 0.18 and a quick ratio of 10.31. The stock’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.09. The stock has a market cap of C$9.29 million, a P/E ratio of -0.71 and a beta of 1.56.

Torq Resources Company Profile

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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.

Further Reading

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