Titan Mining (TSE:TI) Announces Quarterly Earnings Results

Titan Mining (TSE:TI) released its earnings results on Tuesday. The company reported C($0.19) earnings per share (EPS) for the quarter, FiscalAI reports. Titan Mining had a negative return on equity of 2.35% and a negative net margin of 0.13%.The firm had revenue of C$27.24 million during the quarter.

Titan Mining Stock Performance

TSE:TI opened at C$3.67 on Wednesday. The business’s 50-day moving average price is C$4.08 and its two-hundred day moving average price is C$4.16. The stock has a market cap of C$360.72 million, a P/E ratio of 28.30 and a beta of -0.56. The company has a quick ratio of 1.88, a current ratio of 0.68 and a debt-to-equity ratio of 697.44. Titan Mining has a twelve month low of C$0.49 and a twelve month high of C$7.75.

Insiders Place Their Bets

In other news, Director Rita Adiani bought 7,633 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of C$3.56 per share, for a total transaction of C$27,173.48. Following the transaction, the director directly owned 318,033 shares of the company’s stock, valued at C$1,132,197.48. This represents a 2.46% increase in their position. 57.32% of the stock is owned by 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.