Titan Mining (TSE:TI) Trading Up 15.3% – Still a Buy?

Titan Mining Co. (TSE:TI) shares shot up 15.3% during mid-day trading on Wednesday . The stock traded as high as C$4.25 and last traded at C$4.23. 206,637 shares changed hands during trading, an increase of 46% from the average session volume of 141,367 shares. The stock had previously closed at C$3.67.

Titan Mining Stock Performance

The company has a debt-to-equity ratio of 697.44, a quick ratio of 1.88 and a current ratio of 0.68. The company has a market capitalization of C$410.84 million, a price-to-earnings ratio of 28.30 and a beta of -0.56. The firm has a 50-day simple moving average of C$4.08 and a two-hundred day simple moving average of C$4.16.

Titan Mining (TSE:TI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C($0.19) EPS for the quarter. Titan Mining had a negative net margin of 0.13% and a negative return on equity of 2.35%. The business had revenue of C$27.24 million during the quarter. On average, sell-side analysts anticipate that Titan Mining Co. will post 0.0145949 EPS for the current fiscal year.

Insider Activity at Titan Mining

In other Titan Mining news, Director Rita Adiani purchased 7,633 shares of the company’s stock in a transaction on Friday, March 20th. The stock was acquired at an average price of C$3.56 per share, for a total transaction of C$27,173.48. Following the completion of the purchase, the director directly owned 318,033 shares in the company, valued at approximately C$1,132,197.48. The trade was a 2.46% increase in their position. 57.32% of the stock is currently owned by company insiders.

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.