Shares of Torq Resources Inc. (CVE:TORQ – Get Free Report) dropped 17.4% during trading on Tuesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 163,500 shares traded hands during trading, an increase of 61% from the average daily volume of 101,671 shares. The stock had previously closed at C$0.12.
Torq Resources Price Performance
The firm has a market capitalization of C$12.02 million, a PE ratio of -0.50 and a beta of 0.83. The company has a current ratio of 0.90, a quick ratio of 10.31 and a debt-to-equity ratio of 189.72. The firm has a 50-day moving average of C$0.14 and a two-hundred day moving average of C$0.20.
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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