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

Titan Mining Co. (TSE:TI)’s stock price hit a new 52-week low 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 traded. The stock had previously closed at C$2.69.

Titan Mining Stock Down 0.4%

The business has a 50 day moving average of C$3.41 and a 200 day moving average of C$3.76. The company has a debt-to-equity ratio of 101.66, a current ratio of 1.82 and a quick ratio of 1.88. The firm has a market capitalization of C$265.27 million, a price-to-earnings ratio of -29.78 and a beta of -1.10.

Titan Mining (TSE:TI) last posted its earnings results on Wednesday, November 11th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$32.23 million for the quarter. Titan Mining had a negative return on equity of 67.15% and a negative net margin of 10.58%. On average, equities analysts anticipate that Titan Mining Co. will post 0.01 EPS for the current year.

Insider Activity

In related news, insider Jennifer Renee Hood sold 12,000 shares of the firm’s stock in a transaction 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 completion of 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. Insiders have sold 35,000 shares of company stock valued at $149,500 in 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.