Titan Mining (TSE:TI) Sets New 52-Week Low – Here’s What Happened

Shares of Titan Mining Co. (TSE:TI) hit a new 52-week low during trading on Friday. The stock traded as low as C$2.63 and last traded at C$2.69, with a volume of 24,159 shares changing hands. The stock had previously closed at C$2.65.

Titan Mining Trading Up 3.0%

The company has a debt-to-equity ratio of 101.66, a quick ratio of 1.88 and a current ratio of 1.82. The firm’s fifty day simple moving average is C$3.51 and its 200-day simple moving average is C$3.84. The stock has a market cap of C$270.22 million, a P/E ratio of -30.33 and a beta of -1.10.

Titan Mining (TSE:TI) last released its earnings results on Wednesday, August 12th. The company reported C$0.07 EPS for the quarter. Titan Mining had a negative return on equity of 67.15% and a negative net margin of 10.58%. The business had revenue of C$36.52 million during the quarter. Equities research analysts expect that Titan Mining Co. will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Titan Mining news, insider Jennifer Renee Hood sold 12,000 shares of the firm’s 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 transaction, the insider directly owned 12,366 shares in the company, valued at approximately C$50,824.26. This trade represents a 49.25% decrease in their position. In the last quarter, insiders sold 35,000 shares of company stock worth $149,500. 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.