Torq Resources (CVE:TORQ) Sets New 1-Year Low at $0.08

Torq Resources Inc. (CVE:TORQ) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 110000 shares trading hands. The stock had previously closed at C$0.09.

Torq Resources Trading Up 12.5 %

The stock has a market capitalization of C$12.02 million, a price-to-earnings ratio of -0.44 and a beta of 0.84. The company has a debt-to-equity ratio of 189.72, a current ratio of 0.90 and a quick ratio of 10.31. The business’s 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.15.

Insider Buying and Selling

In related news, Director Shawn Wallace acquired 1,114,000 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were purchased at an average cost of C$0.09 per share, with a total value of C$99,703.00. Corporate insiders own 27.12% of the company’s stock.

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.