Titan Mining (TSE:TI) Sets New 1-Year Low – Here’s Why

Titan Mining Co. (TSE:TI)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as C$2.45 and last traded at C$2.69, with a volume of 58,572 shares changing hands. The stock had previously closed at C$2.69.

Titan Mining Stock Performance

The company has a current ratio of 1.82, a quick ratio of 1.88 and a debt-to-equity ratio of 101.66. The company’s fifty day moving average is C$3.41 and its 200 day moving average is C$3.76. The company has a market cap of C$265.27 million, a P/E ratio of -29.78 and a beta of -1.10.

Titan Mining (TSE:TI) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C($0.04) earnings per share for the quarter. Titan Mining had a negative net margin of 10.58% and a negative return on equity of 67.15%. The company had revenue of C$32.23 million for the quarter. As a group, equities analysts predict that Titan Mining Co. will post 0.01 earnings per share for the current fiscal year.

Insider Activity at Titan Mining

In related news, insider Jennifer Renee Hood sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of C$4.11, for a total value of C$49,320.00. Following the transaction, the insider owned 12,366 shares of the company’s stock, valued at approximately C$50,824.26. This trade represents a 49.25% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 35,000 shares of company stock worth $149,500. 57.32% of the stock is owned by corporate 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.