Torq Resources (CVE:TORQ) Trading 10% Higher – Still a Buy?

Torq Resources Inc. (CVE:TORQ) traded up 10% during mid-day trading on Friday . The company traded as high as C$0.12 and last traded at C$0.11. 127,311 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 116,284 shares. The stock had previously closed at C$0.10.

Torq Resources Trading Up 10.0%

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 stock has a 50-day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.11. The firm has a market capitalization of C$20.44 million, a P/E ratio of -1.10 and a beta of 1.41.

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.