Torq Resources (CVE:TORQ) Trading 7.7% Higher

Torq Resources Inc. (CVE:TORQ) was up 7.7% on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 37,500 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 95,753 shares. The stock had previously closed at C$0.13.

Torq Resources Stock Performance

The company has a debt-to-equity ratio of 59.80, a current ratio of 1.22 and a quick ratio of 10.31. The firm has a fifty day moving average price of C$0.17 and a two-hundred day moving average price of C$0.22. The stock has a market capitalization of C$18.03 million, a PE ratio of -0.86 and a beta of 0.92.

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.