Titan Mining (TSE:TI – Get Free Report) released its earnings results on Wednesday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$32.23 million during the quarter. Titan Mining had a negative net margin of 10.58% and a negative return on equity of 67.15%.
Titan Mining Stock Down 3.2%
TSE TI traded down C$0.09 during trading on Wednesday, reaching C$2.69. 52,763 shares of the company’s stock were exchanged, compared to its average volume of 102,369. Titan Mining has a fifty-two week low of C$2.55 and a fifty-two week high of C$7.75. The company has a current ratio of 1.82, a quick ratio of 1.88 and a debt-to-equity ratio of 101.66. The firm has a market capitalization of C$266.26 million, a PE ratio of -29.89 and a beta of -1.10. The company’s fifty day simple moving average is C$3.41 and its 200-day simple moving average is C$3.76.
Insider Activity
In related news, insider Jennifer Renee Hood sold 12,000 shares of Titan Mining stock in a transaction on Friday, September 25th. The stock was sold at an average price of C$4.11, for a total transaction of C$49,320.00. Following the completion of the sale, the insider owned 12,366 shares of the company’s stock, valued at approximately C$50,824.26. This trade represents a 49.25% decrease in their ownership of the stock. Insiders sold 35,000 shares of company stock worth $149,500 in the last ninety days. 57.32% of the stock is currently owned by company insiders.
Titan Mining Company Profile
Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York State. Titan is also the United States’ first end-to-end producer of natural flake graphite in 70 years and is advancing graphite and germanium initiatives to strengthen domestic critical minerals supply chains. The Company has also received support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative. Titan’s goal is to deliver shareholder value through operational excellence, development, and exploration.
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