Torq Resources (CVE:TORQ) Trading 10% Higher – Should You Buy?

Torq Resources Inc. (CVE:TORQ)’s stock price was up 10% during trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 127,311 shares changed hands during trading, an increase of 9% from the average daily volume of 116,284 shares. The stock had previously closed at C$0.10.

Torq Resources Price Performance

The company has a market cap of C$20.44 million, a price-to-earnings ratio of -1.10 and a beta of 1.41. The company’s 50-day simple moving average is C$0.10 and its 200-day simple moving average is C$0.11. The company has a debt-to-equity ratio of -147.04, a current ratio of 0.08 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.