Titan Mining (TSE:TI) Shares Up 12.8% – Should You Buy?

Titan Mining Co. (TSE:TI)’s share price shot up 12.8% on Tuesday . The stock traded as high as C$7.00 and last traded at C$6.78. 216,118 shares changed hands during trading, an increase of 3% from the average session volume of 209,168 shares. The stock had previously closed at C$6.01.

Titan Mining Price Performance

The company has a market capitalization of C$574.43 million, a PE ratio of 46.44 and a beta of -1.27. The company has a quick ratio of 1.88, a current ratio of 0.46 and a debt-to-equity ratio of -296.52. The firm’s 50-day moving average is C$3.89 and its 200-day moving average is C$2.50.

Titan Mining (TSE:TI) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.00 earnings per share for the quarter. Titan Mining had a positive return on equity of 255.83% and a negative net margin of 24.24%.The business had revenue of C$23.36 million for the quarter. Equities analysts predict that Titan Mining Co. will post 0.0145949 earnings per share for the current fiscal year.

About Titan Mining

Titan Mining Corp is a Canadian natural resources company. It is engaged in the acquisition, exploration, and development of mineral properties. The company owns an interest in the Empire State Mine in Northern New York State, United States.