TORC Oil & Gas Ltd. (TOG.TO) (TSE:TOG) Trading Down 3.3% – Here’s Why

TORC Oil & Gas Ltd. (TOG.TO) (TSE:TOG) shares dropped 3.3% on Monday . The stock traded as low as C$3.10 and last traded at C$3.21. Approximately 2,108,072 shares traded hands during trading, an increase of 96% from the average daily volume of 1,076,714 shares. The stock had previously closed at C$3.32.

TORC Oil & Gas Ltd. (TOG.TO) Price Performance

The stock has a 50-day moving average price of C$3.21. The company has a current ratio of 0.30, a quick ratio of 0.29 and a debt-to-equity ratio of 70.55. The stock has a market capitalization of C$714.58 million and a price-to-earnings ratio of -0.72.

TORC Oil & Gas Ltd. (TOG.TO) Company Profile

TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. The company's principal properties are located in the southeast Saskatchewan area. TORC Oil & Gas Ltd. was founded in 2010 and is headquartered in Calgary, Canada.