Torq Resources (CVE:TORQ) Trading 25% Higher – Still a Buy?

Torq Resources Inc. (CVE:TORQ)’s stock price traded up 25% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 115,987 shares were traded during trading, an increase of 52% from the average session volume of 76,453 shares. The stock had previously closed at C$0.06.

Torq Resources Stock Performance

The company has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07. The company has a debt-to-equity ratio of 152.74, a quick ratio of 10.31 and a current ratio of 0.22. The firm has a market capitalization of C$10.43 million, a P/E ratio of -0.63 and a beta of 0.84.

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.