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Quarterly Report Q3 2018: Torq Resources reports deterioration in Loss Corporate Wire Date: 31 December 2018 22:58 EST

Jan 01, 2019 - News Bites Canadian Markets

CANADIAN RESULTS

Torq Resources (TSXV:TORQ) announced loss for the quarter-ended 30 September 2018 of CAD2.3m ($US1.8m), a deterioration from CAD1.1m ($US868,536) in the previous corresponding period.

Major changes compared with previous corresponding period [Year-on-Year]:

Unfavourable Changes:

- EPS deterioration 50% from -2.0c (-US1.6c) to -3.0c (-US2.33c)

- Loss of CAD2.3m ($US1.8m)

Sequential Quarter comparison

Corresponding Quarter comparison

Per Share figuresSeptember 302018201720182017Change (%)DescriptionCADCAD$US$USEPS(3c)(2c)(US2.3c)(US1.6c)Deterioration ...