Torq Resources (CVE:TORQ) Sets New 12-Month Low – Should You Sell?

Shares of Torq Resources Inc. (CVE:TORQGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 67000 shares traded. The stock had previously closed at C$0.07.

Torq Resources Price Performance

The company has a quick ratio of 10.31, a current ratio of 0.18 and a debt-to-equity ratio of -252.10. The company has a market cap of C$11.15 million, a PE ratio of -0.67 and a beta of 1.56. The stock has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.09.

About Torq Resources

(Get Free Report)

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.

Read More

Receive News & Ratings for Torq Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torq Resources and related companies with MarketBeat.com's FREE daily email newsletter.