Michael PEng - Torq Resources VP Director

TORQ Stock  CAD 0.06  0.01  14.29%   

Insider

Michael PEng is VP Director of Torq Resources
Address 1177 West Hastings Street, Vancouver, BC, Canada, V6E 2K3
Phone778 729 0500
Webhttps://www.torqresources.com

Torq Resources Management Efficiency

The company has return on total asset (ROA) of (1.1413) % which means that it has lost $1.1413 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (3.8686) %, meaning that it generated substantial loss on money invested by shareholders. Torq Resources' management efficiency ratios could be used to measure how well Torq Resources manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to -4.34 in 2024. Return On Capital Employed is likely to climb to -5.87 in 2024. At this time, Torq Resources' Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 3.3 M in 2024, whereas Intangible Assets are likely to drop 0.80 in 2024.
Torq Resources has accumulated 1.97 M in total debt. Torq Resources has a current ratio of 47.24, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Torq Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Torq Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Torq Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Torq to invest in growth at high rates of return. When we think about Torq Resources' use of debt, we should always consider it together with cash and equity.

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Torq Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral resource properties in North America and Europe. The company was formerly known as Stratton Resources Inc. and changed its name to Torq Resources Inc. in March 2017. TORQ RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. Torq Resources (TORQ) is traded on TSX Venture Exchange in Canada and employs 9 people. Torq Resources is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Torq Resources Leadership Team

Elected by the shareholders, the Torq Resources' board of directors comprises two types of representatives: Torq Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Torq. The board's role is to monitor Torq Resources' management team and ensure that shareholders' interests are well served. Torq Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Torq Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Stacy Rowa, Chief Officer
Michael PGeo, Chief Officer
Natasha Frakes, Vice Communications
Shawn Wallace, Co-Chairman of the Board
Tracy George, Corporate Secretary
Michael PEng, VP Director
Waldo Cuadra, General Director
Elizabeth Senez, Chief Officer
PGeo FRGS, Vice Exploration

Torq Stock Performance Indicators

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Thematic Opportunities

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Additional Tools for Torq Stock Analysis

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