Torq Resources (CVE:TORQ) Stock Price Down 16.7% – Time to Sell?

Torq Resources Inc. (CVE:TORQGet Free Report)’s stock price fell 16.7% during mid-day trading on Monday . The company traded as low as C$0.08 and last traded at C$0.08. 271,477 shares traded hands during trading, an increase of 191% from the average session volume of 93,373 shares. The stock had previously closed at C$0.09.

Torq Resources Stock Down 11.1%

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 has a 50-day moving average of C$0.10 and a 200 day moving average of C$0.10. The stock has a market capitalization of C$14.87 million, a price-to-earnings ratio of -0.80 and a beta of 0.93.

Torq Resources Company Profile

(Get Free Report)

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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