Torq Resources (CVE:TORQ) Trading Down 16.7% – What’s Next?

Torq Resources Inc. (CVE:TORQ) shares dropped 16.7% on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 260,240 shares traded hands during trading, an increase of 125% from the average daily volume of 115,733 shares. The stock had previously closed at C$0.12.

Torq Resources Trading Down 16.7%

The company has a market cap of C$18.58 million, a price-to-earnings ratio of -1.00 and a beta of 1.41. The company’s 50 day moving average price is C$0.10 and its 200 day moving average price is C$0.11. The company has a debt-to-equity ratio of -147.04, a quick ratio of 10.31 and a current ratio of 0.08.

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.