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

Shares of Torq Resources Inc. (CVE:TORQ) hit a new 52-week low on Friday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 292600 shares trading hands. The stock had previously closed at C$0.07.

Torq Resources Stock Performance

The firm has a market capitalization of C$8.34 million, a price-to-earnings ratio of -0.54 and a beta of 0.84. The company has a quick ratio of 10.31, a current ratio of 0.22 and a debt-to-equity ratio of 152.74. The business has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.09.

Insider Transactions at Torq Resources

In related news, Director Michael Kosowan acquired 750,000 shares of Torq Resources stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of C$0.09 per share, for a total transaction of C$63,750.00. Insiders own 29.71% of the company’s stock.

About Torq Resources

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.