Torrent Capital (CVE:TORR) Hits New 52-Week Low – Here’s Why

Torrent Capital Ltd. (CVE:TORRGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.51, with a volume of 17000 shares traded. The stock had previously closed at C$0.56.

Torrent Capital Stock Performance

The company has a market capitalization of C$14.36 million, a price-to-earnings ratio of -9.50 and a beta of 0.76. The firm’s 50-day simple moving average is C$0.55 and its 200-day simple moving average is C$0.56.

About Torrent Capital

(Get Free Report)

Torrent Capital Ltd. operates as an investment company, primarily invests in the securities of public and private companies. It also focuses on the construction of port infrastructure; and provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments.

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