Titan Mining (TI) Trading Down 7.3%

Titan Mining (TI) Trading Down 7.3%

Titan Mining Corp (TSE:TI) fell 7.3% on Thursday . The stock traded as low as C$0.50 and last traded at C$0.51. 119,500 shares were traded during mid-day trading, an increase of 222% from the average session volume of 37,121 shares. The stock had previously closed at C$0.55.

Several brokerages have weighed in on TI. National Bank Financial dropped their target price on Titan Mining from C$1.30 to C$1.05 and set a “sector perform” rating on the stock in a research report on Thursday, February 21st. TD Securities lowered Titan Mining from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$2.00 to C$1.25 in a research report on Friday, February 22nd.

The company has a debt-to-equity ratio of 76.35, a current ratio of 0.48 and a quick ratio of 0.22. The stock has a market capitalization of $56.08 million and a price-to-earnings ratio of -3.53.

Titan Mining (TSE:TI) last issued its earnings results on Thursday, March 21st. The company reported C($0.07) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.07). The company had revenue of C($0.46) million during the quarter. As a group, research analysts predict that Titan Mining Corp will post 0.08 EPS for the current fiscal year.

Titan Mining Company Profile (TSE:TI)

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. It explores for zinc ores and base metals. The company's principal asset is the Empire State Mine project that is located in Northern New York State, the United States.

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