Torq Resources (CVE:TORQ) Trading Down 19%

Torq Resources Inc. (CVE:TORQ)’s stock price fell 19% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. 282,778 shares changed hands during trading, an increase of 180% from the average session volume of 100,947 shares. The stock had previously closed at C$0.11.

Torq Resources Stock Performance

The company has a debt-to-equity ratio of 152.74, a current ratio of 0.22 and a quick ratio of 10.31. The company’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.10. The company has a market cap of C$12.52 million, a PE ratio of -0.88 and a beta of 0.80.

Insider Activity

In related news, Director Michael Kosowan acquired 750,000 shares of the stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of C$0.09 per share, with a total value of C$63,750.00. Insiders own 29.08% of the company’s stock.

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.