Titan Mining (TSE:TI) Posts Quarterly Earnings Results

Titan Mining (TSE:TI) released its quarterly earnings results on Wednesday. The company reported C($0.04) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$32.23 million for the quarter. Titan Mining had a negative net margin of 10.58% and a negative return on equity of 67.15%.

Titan Mining Stock Performance

Shares of Titan Mining stock opened at C$2.64 on Friday. Titan Mining has a 12 month low of C$2.45 and a 12 month high of C$7.75. The firm has a market capitalization of C$261.31 million, a P/E ratio of -29.33 and a beta of -1.10. The company has a current ratio of 1.82, a quick ratio of 1.88 and a debt-to-equity ratio of 101.66. The business has a fifty day simple moving average of C$3.37 and a two-hundred day simple moving average of C$3.74.

Insider Buying and Selling at Titan Mining

In other news, insider Jennifer Renee Hood sold 12,000 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of C$4.11, for a total value of C$49,320.00. Following the sale, the insider directly owned 12,366 shares of the company’s stock, valued at C$50,824.26. This represents a 49.25% decrease in their position. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $149,500. 57.32% of the stock is owned by corporate insiders.

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.