Titan Mining (TSE:TI) Trading Down 3.4% – What’s Next?

Titan Mining Co. (TSE:TI)’s stock price was down 3.4% during mid-day trading on Friday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 110,400 shares traded hands during mid-day trading, an increase of 230% from the average daily volume of 33,453 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on Titan Mining from C$0.40 to C$0.25 in a research note on Monday, July 22nd.

Titan Mining Price Performance

The company has a market capitalization of C$38.18 million, a P/E ratio of -4.00 and a beta of 0.05. The company has a debt-to-equity ratio of 1,058.24, a current ratio of 0.51 and a quick ratio of 1.88. The firm’s 50-day moving average is C$0.28 and its 200-day moving average is C$0.27.

Titan Mining (TSE:TI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$24.59 million for the quarter. Titan Mining had a negative net margin of 11.56% and a negative return on equity of 2,059.37%. Analysts predict that Titan Mining Co. will post 0.0145949 EPS for the current fiscal year.

About Titan Mining

Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. It primarily explores for zinc. The company's principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat Edwards mining district in northern New York.