TOR Minerals International (OTCMKTS:TORM) Issues Quarterly Earnings Results

TOR Minerals International (OTCMKTS:TORM) posted its quarterly earnings results on Friday. The specialty chemicals company reported $0.03 earnings per share for the quarter, Zacks reports. TOR Minerals International had a negative return on equity of 6.15% and a negative net margin of 3.03%.

TOR Minerals International Stock Up 2.3%

Shares of TORM stock opened at $2.20 on Friday. TOR Minerals International has a twelve month low of $0.77 and a twelve month high of $2.33. The company has a market capitalization of $7.79 million, a price-to-earnings ratio of -36.67 and a beta of 0.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.90 and a current ratio of 4.28. The stock’s 50 day simple moving average is $2.14 and its 200 day simple moving average is $1.65.

TOR Minerals International Company Profile

TOR Minerals International, Inc (OTCMKTS:TORM) is a Canada-based provider of specialty chemical reagents for mineral processing. Headquartered in St. John’s, Newfoundland and Labrador, the company develops and manufactures a suite of flotation reagents, including collectors, frothers, depressants, activators and modifiers that aid in the efficient separation of base metals, precious metals and coal. TOR Minerals applies proprietary formulation technology to tailor reagent performance for specific ore types and operational conditions.

Since its incorporation in 2003, TOR Minerals has grown into a global supplier, with manufacturing and blending facilities strategically located in North America, South America, Europe and Asia Pacific.