Insider Buying: Torq Resources Inc. (CVE:TORQ) Director Buys C$63,750.00 in Stock

Torq Resources Inc. (CVE:TORQ) Director Michael Kosowan acquired 750,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of C$0.09 per share, with a total value of C$63,750.00.

Torq Resources Trading Down 6.7 %

CVE:TORQ opened at C$0.07 on Thursday. The company has a market cap of C$9.73 million, a PE ratio of -0.58 and a beta of 0.80. The company has a current ratio of 0.22, a quick ratio of 10.31 and a debt-to-equity ratio of 152.74. The company has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.11. Torq Resources Inc. has a 12 month low of C$0.07 and a 12 month high of C$0.40.

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.