Titan Mining (TSE:TI) Shares Up 15.3% – Here’s Why

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

Titan Mining Stock Up 13.9%

The firm’s fifty day simple moving average is C$4.08 and its 200 day simple moving average is C$4.16. The company has a current ratio of 0.68, a quick ratio of 1.88 and a debt-to-equity ratio of 697.44. The company has a market cap of C$410.84 million, a price-to-earnings ratio of 28.30 and a beta of -0.56.

Titan Mining (TSE:TI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.19) earnings per share for the quarter. The firm had revenue of C$27.24 million during the quarter. Titan Mining had a negative net margin of 0.13% and a negative return on equity of 2.35%. Sell-side analysts predict that Titan Mining Co. will post 0.0145949 earnings per share for the current year.

Insider Buying and Selling

In other Titan Mining news, Director Rita Adiani purchased 7,633 shares of the business’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost 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. This represents a 2.46% increase in their ownership of the stock. 57.32% of the stock is owned by company insiders.

Titan Mining Company Profile

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.