TOR Minerals International (OTCMKTS:TORM) Releases Quarterly Earnings Results

TOR Minerals International (OTCMKTS:TORM) announced its quarterly earnings results on Friday. The specialty chemicals company reported $0.03 earnings per share for the quarter, Zacks reports. TOR Minerals International had a negative net margin of 3.03% and a negative return on equity of 6.15%. The firm had revenue of $6.49 million for the quarter.

TOR Minerals International Price Performance

TOR Minerals International stock opened at $2.20 on Friday. The company has a current ratio of 4.28, a quick ratio of 1.90 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $2.14 and a 200 day moving average price of $1.65. TOR Minerals International has a 12-month low of $0.77 and a 12-month high of $2.33. The stock has a market cap of $7.79 million, a P/E ratio of -36.67 and a beta of 0.24.

About TOR Minerals International

TOR Minerals International, Inc (OTCMKTS:TORM) is a Canada-based provider of specialty chemical reagents for mineral processing. Headquartered in St. John’s, Newfoundland and Labrador, the company develops and manufactures a suite of flotation reagents, including collectors, frothers, depressants, activators and modifiers that aid in the efficient separation of base metals, precious metals and coal. TOR Minerals applies proprietary formulation technology to tailor reagent performance for specific ore types and operational conditions.

Since its incorporation in 2003, TOR Minerals has grown into a global supplier, with manufacturing and blending facilities strategically located in North America, South America, Europe and Asia Pacific.