Torq Resources (CVE:TORQ) Reaches New 1-Year Low – Should You Sell?

Torq Resources Inc. (CVE:TORQ – Get Free Report) hit a new 52-week low during mid-day trading on Friday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 336,900 shares changing hands. The stock had previously closed at C$0.04.

Torq Resources Stock Performance

The company has a quick ratio of 10.31, a current ratio of 0.17 and a debt-to-equity ratio of -248.76. The stock has a market cap of C$7.44 million, a PE ratio of -0.80 and a beta of 1.24. The stock has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.06.

About Torq Resources

(Get Free Report)

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.

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