Torq Resources (CVE:TORQ) Shares Down 15.4% – Here’s What Happened

Torq Resources Inc. (CVE:TORQ)’s stock price dropped 15.4% during trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 100,234 shares traded hands during trading, a decline of 22% from the average daily volume of 128,193 shares. The stock had previously closed at C$0.13.

Torq Resources Trading Down 15.4%

The company has a market cap of C$20.44 million, a P/E ratio of -1.10 and a beta of 1.41. The firm’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.10. The company has a quick ratio of 10.31, a current ratio of 0.08 and a debt-to-equity ratio of -147.04.

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.