Titan Mining (TSE:TI) Stock Price Up 1.7% – Time to Buy?

Titan Mining Co. (TSE:TI)’s stock price shot up 1.7% on Friday . The company traded as high as C$0.34 and last traded at C$0.30. 18,842 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 31,991 shares. The stock had previously closed at C$0.30.

Analyst Ratings Changes

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

Titan Mining Trading Up 1.7 %

The firm has a market cap of C$40.91 million, a price-to-earnings ratio of -4.29 and a beta of 0.05. The company has a fifty day moving average price of C$0.25 and a 200-day moving average price of C$0.27. The company has a current ratio of 0.51, a quick ratio of 1.88 and a debt-to-equity ratio of 1,058.24.

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