Torrent Capital (CVE:TORR) Hits New 1-Year Low – Here’s Why

Torrent Capital Ltd. (CVE:TORRGet Free Report) hit a new 52-week low on Friday . The stock traded as low as C$0.38 and last traded at C$0.40, with a volume of 7000 shares traded. The stock had previously closed at C$0.46.

Torrent Capital Price Performance

The business has a 50 day simple moving average of C$0.62 and a 200-day simple moving average of C$0.61. The company has a market capitalization of C$11.59 million, a P/E ratio of -7.67 and a beta of 0.76.

About Torrent Capital

(Get Free Report)

Torrent Capital Ltd. operates as an investment company, primarily invests in the securities of public and private companies. It also focuses on the construction of port infrastructure; and provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments.

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