Torq Resources Inc. (CVE:TORQ – Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 67000 shares trading hands. The stock had previously closed at C$0.07.
Torq Resources Price Performance
The stock has a market capitalization of C$11.15 million, a PE ratio of -0.67 and a beta of 1.72. The company has a quick ratio of 10.31, a current ratio of 0.18 and a debt-to-equity ratio of -252.10. The stock’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.09.
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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