Torq Resources (CVE:TORQ) Hits New 12-Month Low – Here’s Why

Torq Resources Inc. (CVE:TORQ) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 2239 shares. The stock had previously closed at C$0.06.

Torq Resources Trading Down 8.3 %

The company’s 50 day moving average price is C$0.07 and its 200 day moving average price is C$0.08. The company has a market cap of C$7.65 million, a price-to-earnings ratio of -0.46 and a beta of 0.84. The company has a debt-to-equity ratio of 152.74, a quick ratio of 10.31 and a current ratio of 0.22.

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.