Torq Resources (CVE:TORQ) Stock Price Down 16.7% – Here’s Why

Torq Resources Inc. (CVE:TORQ)’s stock price fell 16.7% during trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 259,500 shares changed hands during trading, an increase of 129% from the average session volume of 113,246 shares. The stock had previously closed at C$0.12.

Torq Resources Price Performance

The stock has a 50 day moving average price of C$0.10 and a 200-day moving average price of C$0.11. The company has a debt-to-equity ratio of -147.04, a current ratio of 0.08 and a quick ratio of 10.31. The stock has a market capitalization of C$18.58 million, a price-to-earnings ratio of -1.00 and a beta of 1.41.

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.