Titan Mining Corp (TSE:TI) reached a new 52-week low during trading on Thursday after National Bank Financial lowered their price target on the stock from C$1.30 to C$1.05. National Bank Financial currently has a sector perform rating on the stock. Titan Mining traded as low as C$0.83 and last traded at C$0.83, with a volume of 149258 shares traded. The stock had previously closed at C$0.96.
In other news, Director Richard William Warke acquired 188,100 shares of Titan Mining stock in a transaction on Wednesday, December 5th. The stock was acquired at an average cost of C$1.00 per share, with a total value of C$188,100.00. Insiders acquired a total of 621,400 shares of company stock valued at $661,950 over the last ninety days.
The stock has a market cap of $99.93 million and a price-to-earnings ratio of -6.30. The company has a debt-to-equity ratio of 15.41, a quick ratio of 0.13 and a current ratio of 0.37.
Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. The company explores for zinc ores and base metals. Its principal asset is the Empire State Mine project that is located in Northern New York State, the United States.
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