Torq Resources (CVE:TORQ) Shares Down 13.3% – Time to Sell?

Torq Resources Inc. (CVE:TORQ)’s share price traded down 13.3% during trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. 233,854 shares traded hands during trading, an increase of 189% from the average session volume of 80,944 shares. The stock had previously closed at C$0.08.

Torq Resources Stock Performance

The stock has a 50 day simple moving average of C$0.09 and a 200 day simple moving average of C$0.10. The stock has a market cap of C$13.01 million, a P/E ratio of -0.70 and a beta of 1.70. The company has a current ratio of 0.03, a quick ratio of 10.31 and a debt-to-equity ratio of -22.41.

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.