Torq Resources (CVE:TORQ) Stock Price Up 27.8% – What’s Next?

Torq Resources Inc. (CVE:TORQ)’s share price was up 27.8% during mid-day trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 236,005 shares traded hands during mid-day trading, an increase of 188% from the average daily volume of 81,970 shares. The stock had previously closed at C$0.09.

Torq Resources Price Performance

The firm has a market capitalization of C$15.99 million, a P/E ratio of -1.37 and a beta of 0.84. The stock’s 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.07. The company has a debt-to-equity ratio of -147.04, a quick ratio of 10.31 and a current ratio of 0.08.

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.