Torq Resources (CVE:TORQ) Trading Up 6.1%

Torq Resources Inc. (CVE:TORQGet Rating) rose 6.1% on Tuesday . The company traded as high as C$0.72 and last traded at C$0.70. Approximately 34,150 shares were traded during trading, a decline of 34% from the average daily volume of 51,740 shares. The stock had previously closed at C$0.66.

Torq Resources Price Performance

The business’s 50 day moving average is C$0.70 and its two-hundred day moving average is C$0.69. The firm has a market cap of C$67.79 million and a P/E ratio of -6.87. The company has a quick ratio of 10.31, a current ratio of 10.58 and a debt-to-equity ratio of 10.04.

About Torq Resources

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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 1,045 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.

Further Reading

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