Torq Resources Inc. (CVE:TORQ – Get Free Report)’s share price was up 21.1% on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 491,291 shares traded hands during mid-day trading, an increase of 462% from the average daily volume of 87,414 shares. The stock had previously closed at C$0.10.
Torq Resources Stock Up 21.1%
The company has a current ratio of 0.08, a quick ratio of 10.31 and a debt-to-equity ratio of -147.04. The firm’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.09. The firm has a market cap of C$21.37 million, a price-to-earnings ratio of -1.05 and a beta of 0.78.
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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