Torq Resources (CVE:TORQ) Stock Price Down 17.4% – Time to Sell?

Torq Resources Inc. (CVE:TORQ)’s share price dropped 17.4% on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 175,019 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 90,332 shares. The stock had previously closed at C$0.12.

Torq Resources Stock Down 17.4%

The stock has a market capitalization of C$17.65 million, a P/E ratio of -0.95 and a beta of 1.87. 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 -22.41, a current ratio of 0.03 and a quick ratio of 10.31.

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.