Torq Resources (CVE:TORQ) Shares Down 14.3% – Here’s What Happened

Torq Resources Inc. (CVE:TORQ)’s share price was down 14.3% during trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 307,500 shares were traded during mid-day trading, an increase of 194% from the average daily volume of 104,770 shares. The stock had previously closed at C$0.07.

Torq Resources Trading Down 14.3 %

The company has a market capitalization of C$8.34 million, a P/E ratio of -0.58 and a beta of 0.84. The company has a debt-to-equity ratio of 152.74, a current ratio of 0.22 and a quick ratio of 10.31. The firm has a fifty day moving average price of C$0.08 and a 200-day moving average price of C$0.08.

Insider Buying and Selling at Torq Resources

In other Torq Resources news, Director Michael Kosowan acquired 750,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of C$0.09 per share, for a total transaction of C$63,750.00. 29.71% of the stock is owned by corporate insiders.

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.