Titan Mining (TSE:TI) Shares Down 3.4% – Time to Sell?

Titan Mining Co. (TSE:TI) dropped 3.4% on Friday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 110,400 shares changed hands during mid-day trading, an increase of 230% from the average daily volume of 33,453 shares. The stock had previously closed at C$0.29.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price target on Titan Mining from C$0.40 to C$0.25 in a report on Monday, July 22nd.

Titan Mining Stock Performance

The company has a debt-to-equity ratio of 1,058.24, a quick ratio of 1.88 and a current ratio of 0.51. The stock has a market capitalization of C$38.18 million, a PE ratio of -4.00 and a beta of 0.05. The firm has a 50 day moving average of C$0.28 and a 200-day moving average of C$0.27.

Titan Mining (TSE:TI) last issued its earnings results on Wednesday, August 14th. The company reported C$0.03 EPS for the quarter. Titan Mining had a negative return on equity of 2,059.37% and a negative net margin of 11.56%. The firm had revenue of C$24.59 million for the quarter. Research analysts forecast that Titan Mining Co. will post 0.0145949 earnings per share for the current year.

Titan Mining Company Profile

Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. It primarily explores for zinc. The company's principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat Edwards mining district in northern New York.