Titan Mining (TSE:TI) Stock Falls 3.2% – Here’s Why

Titan Mining Co. (TSE:TI)’s share price was down 3.2% during mid-day trading on Friday. The stock traded as low as C$2.76 and last traded at C$2.76. 64,074 shares changed hands during trading, a decline of 40% from the average daily volume of 107,397 shares. The stock had previously closed at C$2.85.

Titan Mining Price Performance

The firm has a market capitalization of C$271.27 million, a PE ratio of -30.67 and a beta of -0.85. The business has a 50-day moving average of C$3.78 and a 200 day moving average of C$3.49. The company has a current ratio of 1.82, a quick ratio of 1.88 and a debt-to-equity ratio of 101.66.

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

Insider Buying and Selling at Titan Mining

In related news, insider Jennifer Renee Hood sold 12,000 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were 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 of the company’s stock, valued at C$50,824.26. This trade represents a 49.25% decrease in their ownership of the stock. Insiders have sold 35,000 shares of company stock worth $149,500 over the last 90 days. 57.32% of the stock is owned by company insiders.

About Titan Mining

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.