Torq Resources Inc. (CVE:TORQ – Get Free Report)’s stock price dropped 10% on Thursday. The stock traded as low as C$0.04 and last traded at C$0.04. 321,900 shares changed hands during trading, an increase of 330% from the average session volume of 74,830 shares. The stock had previously closed at C$0.05.
Torq Resources Stock Down 20.0%
The firm’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.06. The company has a current ratio of 0.17, a quick ratio of 10.31 and a debt-to-equity ratio of -248.76. The stock has a market cap of C$7.44 million, a price-to-earnings ratio of -0.80 and a beta of 1.24.
About Torq Resources
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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