Titan Mining (TSE:TI) Stock Price Down 11.4%

Shares of Titan Mining Co. (TSE:TI) dropped 11.4% on Wednesday . The stock traded as low as C$0.30 and last traded at C$0.31. Approximately 41,600 shares changed hands during trading, an increase of 64% from the average daily volume of 25,328 shares. The stock had previously closed at C$0.35.

Titan Mining Price Performance

The company has a 50 day moving average of C$0.29 and a two-hundred day moving average of C$0.34. The firm has a market cap of C$42.27 million, a P/E ratio of -4.43 and a beta of -0.07. The company has a quick ratio of 1.88, a current ratio of 0.39 and a debt-to-equity ratio of 1,058.24.

Titan Mining (TSE:TI) last issued its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) earnings per share for the quarter. Titan Mining had a negative net margin of 19.60% and a negative return on equity of 247.73%. The company had revenue of C$14.86 million during the quarter. Sell-side analysts expect that Titan Mining Co. will post 0.0145949 EPS for the current year.

About Titan Mining

Titan Mining Corporation acquires, explores, develops, and extracts mineral properties. It primarily explores for zinc. The company's principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the New York, the United States. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016.