Titan Mining (TSE:TI) Shares Down 3.4% – Here’s Why

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

Analysts Set New Price Targets

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

Titan Mining Stock Performance

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

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