Torq Resources (CVE:TORQ) Trading Down 13.3% – Should You Sell?

Torq Resources Inc. (CVE:TORQ)’s share price dropped 13.3% during trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 103,074 shares were traded during trading, an increase of 31% from the average daily volume of 78,672 shares. The stock had previously closed at C$0.08.

Torq Resources Stock Performance

The firm has a market cap of C$8.34 million, a price-to-earnings ratio of -0.50 and a beta of 0.84. The stock’s fifty day moving average is C$0.06 and its two-hundred day moving average is 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.

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.