Shares of Torq Resources Inc. (CVE:TORQ – Get Free Report) rose 11.8% during trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 116,004 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 89,427 shares. The stock had previously closed at C$0.09.
Torq Resources Stock Performance
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 market capitalization of C$16.73 million, a PE ratio of -0.82 and a beta of 0.95. The stock’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.10.
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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