TOR Minerals International (OTCMKTS:TORM) Announces Earnings Results

TOR Minerals International (OTCMKTS:TORM) posted its quarterly earnings results on Friday. The specialty chemicals company reported $0.04 earnings per share for the quarter, Zacks reports. TOR Minerals International had a negative net margin of 4.12% and a negative return on equity of 8.34%.

TOR Minerals International Stock Performance

TOR Minerals International stock remained flat at $1.60 during midday trading on Friday. The company had a trading volume of 24,050 shares, compared to its average volume of 4,793. The stock’s 50-day moving average price is $1.35 and its 200-day moving average price is $1.22. The firm has a market capitalization of $5.66 million, a P/E ratio of -4.85 and a beta of 0.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 3.96. TOR Minerals International has a twelve month low of $0.77 and a twelve month high of $1.80.

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.