Torrent Capital (CVE:TORR) Trading Down 6.7% – Time to Sell?

Torrent Capital Ltd. (CVE:TORRGet Free Report)’s stock price dropped 6.7% on Monday . The company traded as low as C$0.56 and last traded at C$0.56. Approximately 500 shares traded hands during trading, a decline of 97% from the average daily volume of 17,179 shares. The stock had previously closed at C$0.60.

Torrent Capital Price Performance

The firm’s 50 day moving average price is C$0.58 and its 200-day moving average price is C$0.60. The stock has a market cap of C$21.33 million, a P/E ratio of 2.43 and a beta of 0.26.

About Torrent Capital

(Get Free Report)

Torrent Capital Ltd. operates as an investment company, primarily invests in the securities of public and private companies. It also focuses on the construction of port infrastructure; and provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments. The company was formerly known as Metallum Resources Inc and changed its name to Torrent Capital Ltd. in February 2017. Torrent Capital Ltd. is based in Halifax, Canada.

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