Titan Mining (TSE:TI) Shares Up 14.3%

Titan Mining Corp (TSE:TI) shares shot up 14.3% during trading on Thursday . The stock traded as high as C$0.40 and last traded at C$0.40, 125,202 shares were traded during trading. An increase of 176% from the average session volume of 45,294 shares. The stock had previously closed at C$0.35.

TI has been the topic of a number of analyst reports. TD Securities cut their price target on Titan Mining from C$0.80 to C$0.45 and set a “hold” rating on the stock in a report on Friday, July 5th. National Bank Financial downgraded Detour Gold to a “hold” rating in a report on Friday, June 28th.

The company has a current ratio of 0.42, a quick ratio of 0.27 and a debt-to-equity ratio of 103.83. The firm has a market capitalization of $35.69 million and a PE ratio of -2.65. The company has a 50-day simple moving average of C$0.41.

Titan Mining (TSE:TI) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.02. The business had revenue of C$3.72 million during the quarter, compared to analyst estimates of C$9.65 million. As a group, equities analysts anticipate that Titan Mining Corp will post 0.01 EPS for the current year.

Titan Mining Company Profile (TSE:TI)

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. It explores for zinc ores and base metals. The company's principal asset is the Empire State Mine project that is located in Northern New York State, the United States.

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