Torq Resources (CVE:TORQ) Trading Down 2.3%

Torq Resources Inc. (CVE:TORQ – Get Rating)’s stock price dropped 2.3% during trading on Monday . The stock traded as low as C$0.43 and last traded at C$0.43. Approximately 9,000 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 60,777 shares. The stock had previously closed at C$0.44.

Torq Resources Stock Performance

The company has a market capitalization of C$47.35 million, a price-to-earnings ratio of -3.31 and a beta of 0.43. The company has a debt-to-equity ratio of 16.39, a current ratio of 7.94 and a quick ratio of 10.31. The stock has a 50 day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.61.

About Torq Resources

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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 1,045 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.