Torq Resources Inc (TORQ) AI Stock Analysis

• Market Cap: C$10.15M
• Dividend Yield: N/A
• Average Volume (3M): 80.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: N/A
• EPS Growth: 49.42%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 72
• Industry: Mining
• EPS (TTM): -0.09
• Shares Outstanding: 139,070,300
• 10 Day Avg. Volume: 54,111
• 30 Day Avg. Volume: 80,041
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -0.90
• P/FCF Ratio: 44.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Torq Resources Inc.'s overall stock score is low due to severe financial instability, highlighted by zero revenue, negative cash flows, and significant reliance on debt. Technical analysis provides little encouragement, with the stock trading below major moving averages. Valuation is also unfavorable with a negative P/E ratio, emphasizing underlying profitability issues.

Torq Resources Inc Business Overview & Revenue Model

Company Description

Torq Resources Inc (TORQ) is a Canadian-based mineral exploration company focused on the discovery of large gold and copper deposits. Operating primarily in Chile, Torq leverages its extensive experience and expertise in mineral exploration to identify and develop high-potential mining projects. The company's core activities involve the acquisition, exploration, and development of mineral properties with the goal of advancing them towards production and maximizing shareholder value.

How the Company Makes Money

Torq Resources Inc generates revenue through the identification and development of mineral deposits, primarily gold and copper. The company makes money by advancing its exploration projects to a stage where they can be sold, leased, or partnered with larger mining companies for further development and production. Significant revenue streams may include the sale of stakes in developed properties, royalty agreements, and joint venture partnerships with major industry players. Additionally, the strategic location of its projects in Chile, a country known for its rich mineral resources, plays a crucial role in attracting investment and potential partnerships, contributing to its earnings.

Torq Resources Inc Financial Statement Overview

Summary

Torq Resources Inc. is facing significant financial challenges with consistent zero revenue, negative equity, and reliance on external financing. The company's financial statements reveal a lack of revenue growth, deteriorating net income, and negative cash flows, highlighting major concerns about its financial stability.

Income Statement

Torq Resources Inc. consistently reports zero revenue, reflecting its developmental stage in the mining sector. The company incurred significant losses over the years, with deteriorating EBIT and net income positions. Lack of revenue growth and negative profit margins indicate substantial financial challenges.

Balance Sheet

The company shows a negative stockholders' equity in the latest TTM period, indicating potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity. The overall asset base has decreased, and the company relies heavily on debt financing, highlighting financial instability.

Cash Flow

Torq Resources Inc. shows consistently negative operating and free cash flows, with no signs of improvement. The company is heavily reliant on financing activities to cover operational shortfalls, posing substantial risks to long-term sustainability.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-113.95K	-136.42K	-181.65K	-32.72K	0.00	0.00
	EBIT
-10.32M	-18.59M	-11.73M	-6.31M	-2.13M	-1.78M
	EBITDA
-10.92M	-18.31M	-11.65M	-6.32M	-2.13M	-1.78M
	Net Income Common Stockholders
-11.61M	-19.21M	-11.72M	-6.48M	-2.09M	-1.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
12.44M	487.97K	12.47M	1.90M	8.75M	10.84M
	Total Assets
12.67M	4.21M	15.61M	3.99M	9.09M	11.05M
	Total Debt
0.00	1.97M	1.97M	0.00	0.00	0.00
	Net Debt
-12.44M	1.48M	-10.50M	-1.90M	-8.75M	-10.84M
	Total Liabilities
297.55K	3.17M	3.60M	676.54K	202.92K	219.26K
	Stockholders Equity
12.37M	1.04M	12.00M	3.31M	8.89M	10.83M
Cash Flow		Free Cash Flow
-9.15M	-17.57M	-11.35M	-6.86M	-2.18M	-1.75M
	Operating Cash Flow
-8.33M	-16.70M	-10.10M	-5.79M	-2.18M	-1.75M
	Investing Cash Flow
-712.19K	-491.93K	-1.06M	-1.03M	84.70K	247.34K
	Financing Cash Flow
5.29M	5.22M	21.73M	42.30K	17.50K	0.00

Torq Resources Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TORQ, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TORQ.

Torq Resources Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	75 Outperform	C$2.43B	23.27	20.56%	―	64.92%	185.22%
ORE	70 Outperform	C$382.21M	7.66	16.08%	―	5.77%	-35.11%
Sector *	57 Neutral	$8.34B	5.47	-5.47%	7.41%	0.05%	-68.52%
FVL	47 Neutral	C$378.17M	―	-1.16%	―	―	66.67%
SKE	41 Neutral	C$1.55B	―	-156.19%	―	―	-66.33%
NXE	38 Underperform	$3.74B	27.25	-7.77%	―	―	-197.27%
TORQ	27 Underperform	C$10.15M	―	-1160.76%	―	―	49.42%

Torq Resources Inc Corporate Events

Torq Resources Finalizes Joint Venture with Gold Fields for Chilean Project

Torq Resources Inc. has finalized an option and joint venture transaction with Gold Fields Limited concerning the Santa Cecilia project in Chile. Gold Fields has acquired a staged option to earn up to a 75% indirect interest in the project by funding up to USD$48 million over a six-year period. This strategic partnership strengthens Torq’s operational capabilities and positions it favorably in the mining sector, as the transaction was overwhelmingly approved by a majority of Torq’s disinterested shareholders.

Torq Resources Secures Shareholder Approval for Strategic Santa Cecilia Joint Venture

Torq Resources Inc. announced that its shareholders have overwhelmingly approved a joint venture transaction with Gold Fields Limited for the Santa Cecilia project in Chile during their Annual General and Special Meeting. This strategic partnership involves an earn-in option allowing Gold Fields’ affiliate to acquire up to a 75% interest in the project by investing up to USD$48 million over six years. The approval marks a significant step for Torq Resources, potentially enhancing its market positioning and growth prospects in the mining sector. The transaction remains subject to final approval by the TSX Venture Exchange and other closing conditions.

Torq Resources Extends Financing Amid Shareholder Meeting Plans

Torq Resources Inc. has filed important documents for its upcoming shareholders meeting on January 10, 2025, where it will seek approval for significant agreements related to the Santa Cecilia Project with Gold Fields. The company is also extending its financing window for a private placement aiming to raise up to CAD$2 million, despite potential delays due to a postal strike.

Torq Resources and Gold Fields Form Strategic Partnership

Torq Resources Inc. has signed a definitive agreement with Gold Fields Limited, allowing Gold Fields to potentially acquire up to a 75% interest in Torq’s Santa Cecilia Project by investing up to $48 million over six years. The agreement outlines a staged approach, with Gold Fields initially funding $18 million to earn a 51% interest, followed by additional investments to reach the total stake. This strategic partnership aims to advance exploration and development efforts in the promising Chilean mining project.

Torq Resources Extends Financing Period Amid Exploration Goals

Torq Resources Inc. has extended the closing date for its $0.08 financing offering to December 13, 2024, after receiving approval from the TSX Venture Exchange. This extension allows the company more time to secure additional subscription agreements from investors. Torq Resources, based in Vancouver, focuses on copper and gold exploration in Chile, aiming for significant discoveries while adhering to high environmental, social, and governance standards.