Torq Resources (CVE:TORQ) Trading Up 21.1% – Time to Buy?

Torq Resources Inc. (CVE:TORQ)’s share price was up 21.1% during trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 491,291 shares changed hands during trading, an increase of 462% from the average daily volume of 87,414 shares. The stock had previously closed at C$0.10.

Torq Resources Stock Performance

The company’s 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.09. The stock has a market cap of C$21.37 million, a price-to-earnings ratio of -1.05 and a beta of 0.78. The company has a debt-to-equity ratio of -147.04, a quick ratio of 10.31 and a current ratio of 0.08.

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.