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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 West Hastings Street
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
Elizabeth Senez
Interim Chief Financial Officer
Richard J. Haslinger
Chief Operating Officer
Tracy George
Corporate Secretary
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 six months ended 30 June 2020, Torq Resources Inc revenues was not reported. Net loss decreased 12% to C$869K. Lower net loss reflects Foreign exchange loss (gain) increase from C$87K (expense) to C$96K (income), Selling/General/Admin Exp decrease of 27% to C$352K (expense), Management fees decrease of 20% to C$103K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $45.61M as of Jun 30, 2020
Annual revenue (TTM): $0.00M as of Jun 30, 2020
EBITDA (TTM): -$1.24M as of Jun 30, 2020
Net annual income (TTM): -$1.56M as of Jun 30, 2020
Free cash flow (TTM): -$1.86M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 77,324,164 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization