Torq Resources (CVE:TORQ) Trading 21.1% Higher – Time to Buy?

Torq Resources Inc. (CVE:TORQ) traded up 21.1% on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. 491,291 shares changed hands during trading, an increase of 462% from the average session volume of 87,414 shares. The stock had previously closed at C$0.10.

Torq Resources Trading Up 21.1%

The firm has a fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.09. The firm has a market capitalization of C$21.37 million, a P/E ratio of -1.05 and a beta of 0.78. The company has a debt-to-equity ratio of -147.04, a current ratio of 0.08 and a quick ratio of 10.31.

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.