Titan Mining (TSE:TI) Stock Price Down 7.1% – Here’s What Happened

Titan Mining Co. (TSE:TI)’s stock price dropped 7.1% on Tuesday . The stock traded as low as C$2.70 and last traded at C$2.75. Approximately 68,046 shares changed hands during trading, a decline of 48% from the average daily volume of 131,682 shares. The stock had previously closed at C$2.96.

Titan Mining Price Performance

The company has a debt-to-equity ratio of 143.91, a quick ratio of 1.88 and a current ratio of 1.48. The firm has a market cap of C$270.29 million, a price-to-earnings ratio of 28.30 and a beta of -1.08. The company’s fifty day moving average is C$3.57 and its two-hundred day moving average is C$4.17.

Titan Mining (TSE:TI) last posted its earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$27.24 million for the quarter. Titan Mining had a negative net margin of 17.91% and a negative return on equity of 174.98%. Equities research analysts forecast that Titan Mining Co. will post 0.0145949 EPS for the current year.

Insider Buying and Selling at Titan Mining

In other Titan Mining news, Director Rita Adiani bought 7,633 shares of Titan Mining stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of C$3.56 per share, for a total transaction of C$27,173.48. Following the acquisition, the director owned 318,033 shares of the company’s stock, valued at C$1,132,197.48. The trade was a 2.46% increase in their position. Insiders own 57.32% of the company’s stock.

About Titan Mining

Titan Mining Corp is a Canadian natural resources company. It is engaged in the acquisition, exploration, and development of mineral properties. The company owns an interest in the Empire State Mine in Northern New York State, United States.