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

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 stock has a market cap of C$270.29 million, a price-to-earnings ratio of 28.30 and a beta of -1.08. The business’s fifty day simple moving average is C$3.57 and its 200 day simple moving average is C$4.17.

Titan Mining (TSE:TI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($0.19) EPS for the quarter. Titan Mining had a negative return on equity of 174.98% and a negative net margin of 17.91%.The firm had revenue of C$27.24 million during the quarter. Research analysts predict that Titan Mining Co. will post 0.0145949 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Rita Adiani acquired 7,633 shares of the business’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of C$3.56 per share, for a total transaction of C$27,173.48. Following the acquisition, the director directly owned 318,033 shares of the company’s stock, valued at C$1,132,197.48. This represents a 2.46% increase in their position. 57.32% of the stock is owned by corporate insiders.

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.