Titan Logix (CVE:TLA) Trading 6.1% Higher – Here’s What Happened

Titan Logix Corp. (CVE:TLA) shares shot up 6.1% during trading on Monday . The company traded as high as C$0.70 and last traded at C$0.70. 50,015 shares were traded during trading, an increase of 103% from the average session volume of 24,602 shares. The stock had previously closed at C$0.66.

Titan Logix Trading Up 6.1 %

The firm has a fifty day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.57. The firm has a market capitalization of C$19.98 million, a P/E ratio of -70.00 and a beta of 0.98. The company has a debt-to-equity ratio of 4.61, a current ratio of 17.97 and a quick ratio of 22.09.

Titan Logix (CVE:TLA) last posted its quarterly earnings results on Wednesday, July 17th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$1.93 million during the quarter. Titan Logix had a negative return on equity of 2.32% and a negative net margin of 5.75%.

Insider Activity at Titan Logix

In related news, Director Grant Reeves acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of C$0.65 per share, for a total transaction of C$32,500.00. Over the last quarter, insiders acquired 71,500 shares of company stock valued at $47,240. Company insiders own 38.08% of the company’s stock.

Titan Logix Company Profile

Titan Logix Corp. develops, manufactures, and markets technology fluid management solutions in Canada, the United States, and internationally. The company provides mobile liquid measurement solutions, such as pump, valve, and rack control. It also offers mobile monitoring systems and smart truck systems.