Torq Resources (CVE:TORQ) Stock Price Down 25% – What’s Next?

Shares of Torq Resources Inc. (CVE:TORQ) dropped 25% during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 106,102 shares changed hands during trading, an increase of 26% from the average daily volume of 84,323 shares. The stock had previously closed at C$0.14.

Torq Resources Price Performance

The company’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.07. The company has a debt-to-equity ratio of -147.04, a current ratio of 0.08 and a quick ratio of 10.31. The company has a market cap of C$14.60 million, a P/E ratio of -1.25 and a beta of 0.84.

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.