Titan Mining (TSE:TI) Shares Down 3.2% – Here’s Why

Titan Mining Co. (TSE:TI) shares dropped 3.2% during trading on Friday. The company traded as low as C$2.76 and last traded at C$2.76. 64,074 shares changed hands during trading, a decline of 40% from the average daily volume of 107,397 shares. The stock had previously closed at C$2.85.

Titan Mining Stock Down 3.2%

The stock has a 50-day moving average of C$3.78 and a 200 day moving average of C$3.49. The company has a market capitalization of C$271.27 million, a PE ratio of -30.67 and a beta of -0.85. The company has a quick ratio of 1.88, a current ratio of 1.82 and a debt-to-equity ratio of 101.66.

Titan Mining (TSE:TI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.07 EPS for the quarter. Titan Mining had a negative return on equity of 67.15% and a negative net margin of 10.58%. The business had revenue of C$36.52 million for the quarter. Sell-side analysts anticipate that Titan Mining Co. will post 0.01 EPS for the current year.

Insider Activity

In other news, insider Jennifer Renee Hood sold 12,000 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of C$4.11, for a total transaction of C$49,320.00. Following the completion of the sale, the insider directly owned 12,366 shares of the company’s stock, valued at C$50,824.26. This trade represents a 49.25% decrease in their position. Over the last ninety days, insiders sold 35,000 shares of company stock worth $149,500. Company insiders own 57.32% of the company’s stock.

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.