Torq Resources Inc. (CVE:TORQ – Get Free Report) dropped 20% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 104,074 shares changed hands during trading, an increase of 32% from the average daily volume of 78,755 shares. The stock had previously closed at C$0.08.
Torq Resources Stock Up 8.3 %
The company has a quick ratio of 10.31, a current ratio of 0.22 and a debt-to-equity ratio of 152.74. The company has a market cap of C$9.04 million, a price-to-earnings ratio of -0.54 and a beta of 0.84. The business has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07.
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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