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Torq Resources Inc. (V:TORQ)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 600-1199 Hastings St W
Tel: N/A
IR: See website
Key People
Ivan James Bebek
Co-Chairman of the Board
Shawn Kristen Wallace
Co-Chairman of the Board
Michael Kosowan
President, Chief Executive Officer, Director
Stacy Rowa
Chief Financial Officer
Richard J. Haslinger
Chief Operating Officer
Business Overview
Torq Resources Inc, formerly Stratton Resources Inc, is a Canada-based exploration-stage company. The Company operates through the segment being acquisition, exploration and development of mineral resource properties. The Company develops mineral property interests in North America. The Company has not generated any revenues. The Company has no producing properties. The Company's subsidiary is Stratton Resources (Canada) Inc.
Financial Overview
For the nine months ended 30 September 2019, Torq Resources Inc revenues was not reported. Net loss decreased 71% to C$1.3M. Lower net loss reflects Exploration and evaluation costs (recove decrease from C$1.2M (expense) to C$5K (income), Selling/General/Admin Exp decrease of 41% to C$672K (expense), Project investigation costs decrease of 30% to C$400K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.06 to -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $28.61M as of Sep 30, 2019
Annual revenue (TTM): $0.00M as of Sep 30, 2019
EBITDA (TTM): -$1.69M as of Sep 30, 2019
Net annual income (TTM): -$1.82M as of Sep 30, 2019
Free cash flow (TTM): -$2.00M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 77,324,164 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization