Torq Resources Inc. (CVE:TORQ) Director Shawn Wallace Acquires 1,114,000 Shares

Torq Resources Inc. (CVE:TORQ) Director Shawn Wallace bought 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, for a total transaction of C$99,703.00.

Torq Resources Price Performance

Shares of CVE TORQ opened at C$0.09 on Friday. Torq Resources Inc. has a twelve month low of C$0.08 and a twelve month high of C$0.61. The company has a current ratio of 0.90, a quick ratio of 10.31 and a debt-to-equity ratio of 189.72. The firm has a 50-day moving average of C$0.11 and a two-hundred day moving average of C$0.16. The company has a market capitalization of C$12.02 million, a price-to-earnings ratio of -0.50 and a beta of 0.84.

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.