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Torq Resources Inc
(TORQ)
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Rating:40Underperform
Price Target:
C$0.04
▼(-24.00% Downside)
Action:Downgraded
Date:10/29/26
The score is primarily driven by weak financial performance (pre-revenue, ongoing losses, negative free cash flow, and negative equity), which raises financing risk. Technicals further pressure the score given the strong downtrend versus key moving averages and negative MACD. Valuation is also unfavorable due to negative earnings and no dividend yield support.
Positive Factors
Improving Loss Profile
The reduction in annualized net losses indicates some cost tightening and better expense control, even though Torq remains unprofitable. If maintained, lower losses could extend available funding and reduce the pace at which exploration activities consume capital over the next several quarters.
Negative Factors
Pre-Revenue Business Model
Without operating revenue, Torq cannot fund exploration from customer receipts and must rely primarily on capital availability while projects are advanced. This leaves earnings visibility weak and makes the company’s ability to sustain activity sensitive to future financing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Loss Profile
The reduction in annualized net losses indicates some cost tightening and better expense control, even though Torq remains unprofitable. If maintained, lower losses could extend available funding and reduce the pace at which exploration activities consume capital over the next several quarters.
Read all positive factors
Torq Resources Inc (TORQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.44M
Dividend YieldN/A
Average Volume (3M)36.52K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue GrowthN/A
EPS Growth48.53%
CountryCA
Employees15
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding185,897,140
10 Day Avg. Volume69,406
30 Day Avg. Volume36,515
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)81.02
Price to Sales (P/S)0.00
P/FCF Ratio-1.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Torq Resources Inc Business Overview & Revenue Model
Company Description
Torq Resources Inc. functions as a junior exploration firm, concentrating its efforts on discovering and acquiring mineral deposits across the American continents. The company holds options to secure full ownership (100% interest) in several key m...
How the Company Makes Money
Torq Resources does not typically generate revenue from selling products or operating mines while it is in the exploration stage. Publicly available disclosures generally indicate that companies at this stage fund operations primarily through rais...
Torq Resources Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -78.68K | -136.42K | -181.65K | -32.72K |
| EBITDA | -9.69M | -15.27M | -11.72M | -18.31M | -11.65M | -6.32M |
| Net Income | -9.99M | -15.27M | -12.41M | -19.21M | -11.72M | -6.48M |
Balance Sheet | ||||||
| Total Assets | 4.14M | 5.56M | 2.40M | 4.21M | 15.61M | 3.99M |
| Cash, Cash Equivalents and Short-Term Investments | 731.09K | 2.45M | 538.28K | 487.97K | 12.47M | 1.90M |
| Total Debt | 2.89M | 2.81M | 5.23M | 1.97M | 1.97M | 0.00 |
| Total Liabilities | 6.15M | 5.84M | 8.06M | 3.17M | 3.60M | 676.54K |
| Stockholders Equity | -1.16M | 173.88K | -5.65M | 1.04M | 12.00M | 3.31M |
Cash Flow | ||||||
| Free Cash Flow | -9.64M | -13.61M | -8.44M | -17.57M | -11.35M | -6.86M |
| Operating Cash Flow | -8.24M | -12.21M | -7.13M | -16.70M | -10.10M | -5.79M |
| Investing Cash Flow | -1.38M | -1.35M | -1.11M | -491.93K | -1.06M | -1.03M |
| Financing Cash Flow | 9.58M | 15.52M | 8.29M | 5.22M | 21.73M | 42.30K |
Torq Resources Inc Technical Analysis
Negative
0.05
Price Trends
0.05
Negative
0.05
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
13.10
Positive
>-0.01
Positive
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 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 13.10 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$7.48M | 0.27 | 234.70% | ― | ― | ― | |
47 Neutral | C$11.31M | -0.42 | -66.28% | ― | ― | -10.86% | |
46 Neutral | C$9.12M | -6.45 | -12.46% | ― | ― | 95.48% | |
43 Neutral | C$9.07M | -3.05 | -321.65% | ― | ― | -206.25% | |
41 Neutral | C$19.92M | -3.46 | -253.06% | ― | ― | 2.24% | |
40 Underperform | C$7.44M | -0.71 | 282.72% | ― | ― | 48.53% |
* General Sector Average
TSE:TORQ
Torq Resources Inc
0.04
-0.07
-61.90%
TSE:GGI
Garibaldi Resources
0.06
-0.08
-57.14%
TSE:LIT
Argentina Lithium & Energy
0.07
-0.05
-45.83%
TSE:MTS
Metallis Resources
0.09
-0.32
-78.05%
TSE:ELEF
Silver Elephant Mining
0.13
-0.15
-53.57%
TSE:PSE
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0.08
-0.01
-11.76%
Torq Resources Inc Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Torq Resources Bolsters Balance Sheet With $529,000 Debt Settlement After Financing
Positive
Oct 2, 2026
Torq Resources Inc., a Vancouver-based copper and gold exploration company with premium holdings in Chile, is working to become a leading explorer in key mining belts while adhering to high environmental, social and governance standards. Its manag...
Business Operations and StrategyPrivate Placements and Financing
Torq Resources Raises C$1.7 Million in Private Placement Backed by Gold Fields
Positive
Sep 16, 2026
Torq Resources Inc. has closed a private placement raising C$1.7 million through the issuance of 34,003,824 units at C$0.05 per unit, each comprising one common share and one warrant exercisable at C$0.10 until September 16, 2029. The financing, w...
Business Operations and StrategyPrivate Placements and Financing
Torq Resources Upsizes Financing and Extends Key Loan as Gold Fields Increases Stake
Positive
Sep 16, 2026
Torq Resources Inc. has increased its non-brokered private placement to C$1.7 million, issuing more than 34 million units at C$0.05 each, with Gold Fields Atacama Holdings boosting its stake to 10.95 percent. The proceeds are earmarked for general...
Business Operations and StrategyPrivate Placements and Financing
Torq Resources Secures C$1.25 Million Financing Tied to Loan Extension
Neutral
Aug 20, 2026
Torq Resources Inc. has arranged lead investors for a proposed non-brokered private placement to raise at least C$1.25 million through the sale of a minimum of 25 million equity units at C$0.05, each comprising a common share and a three-year warr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.