Torq Resources (CVE:TORQ) Reaches New 52-Week Low – What’s Next?

Torq Resources Inc. (CVE:TORQ)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 215036 shares traded. The stock had previously closed at C$0.06.

Torq Resources Stock Performance

The stock’s 50 day moving average price is C$0.07 and its 200 day moving average price is C$0.09. The company has a current ratio of 0.18, a quick ratio of 10.31 and a debt-to-equity ratio of -252.10. The firm has a market cap of C$9.29 million, a PE ratio of -0.71 and a beta of 1.56.

Torq Resources Company Profile

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.