Torq Resources Inc (TORQ) AI Stock Analysis

• Market Cap: C$8.34M
• Dividend Yield: N/A
• Average Volume (3M): 66.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: N/A
• EPS Growth: 48.20%
• Country: CA
• Employees: 15
• Sector: Energy
• Sector Strength: 49
• Industry: Industrial Materials
• EPS (TTM): -0.09
• Shares Outstanding: 139,070,300
• 10 Day Avg. Volume: 95,787
• 30 Day Avg. Volume: 66,259
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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. faces significant financial distress with zero revenue and negative equity, heavily weighing down its stock score. While technical analysis shows a neutral stance, the company's valuation metrics are unfavorable due to consistent losses. However, the recent commencement of drilling at a key project provides some optimism for future growth, though the overall outlook remains challenging.

Torq Resources Inc Business Overview & Revenue Model

Company Description

Torq Resources Inc (TORQ) is a mineral exploration company primarily focused on discovering and developing copper and gold assets in Chile, a region known for its rich mineral deposits. The company aims to create value by leveraging its experienced team and strategic partnerships to explore and identify high-potential mineral properties. Torq Resources is committed to sustainable and responsible exploration practices as it seeks to advance its projects towards development stages.

How the Company Makes Money

Torq Resources Inc generates revenue through the exploration and development of mineral properties, specifically focusing on copper and gold. The company raises capital through equity financing, joint ventures, and strategic partnerships with other mining companies and investors. As Torq Resources identifies valuable mineral deposits, it can either sell these assets to larger mining companies or develop them into producing mines, generating revenue from the sale of extracted minerals. The company's earnings are significantly influenced by the global demand and prices for copper and gold, as well as its ability to successfully discover and develop economically viable mineral resources.

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

Torq Resources Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.93 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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	80 Outperform	C$3.22B	20.79	26.82%	―	77.93%	236.93%
ORE	75 Outperform	C$631.55M	6.53	27.12%	―	6.15%	10.69%
Sector *	56 Neutral	$6.99B	3.67	-4.87%	5.88%	0.18%	-49.70%
NXE	53 Neutral	$4.23B	27.25	-7.77%	―	―	-197.27%
SKE	52 Neutral	C$2.06B	―	-141.24%	―	―	-19.29%
FVL	43 Neutral	C$507.30M	―	-1.12%	―	―	66.34%
TORQ	35 Underperform	C$8.34M	―	-1160.76%	―	―	48.20%

Torq Resources Inc Corporate Events

Torq Resources Begins Drilling at Santa Cecilia Project

Torq Resources Inc. has commenced drilling at its Santa Cecilia gold-copper project in the Maricunga belt, northern Chile. This initiative follows a joint venture agreement with Gold Fields, aiming to explore the Pircas Norte and Gemelos Norte targets. The drilling program, funded by Gold Fields’ initial USD$6 million commitment, seeks to extend previous mineralization findings, marking a significant step in unlocking the project’s value.