Torq Resources (CVE:TORQ) Trading Up 10% – Time to Buy?

Torq Resources Inc. (CVE:TORQGet Free Report)’s share price rose 10% on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 163,349 shares traded hands during trading, an increase of 103% from the average daily volume of 80,377 shares. The stock had previously closed at C$0.05.

Torq Resources Stock Performance

The company has a debt-to-equity ratio of -252.10, a quick ratio of 10.31 and a current ratio of 0.18. The company has a market cap of C$10.22 million, a PE ratio of -0.79 and a beta of 1.56. The company’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.09.

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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