Toachi Mining (TIM) Trading Down 16.7%

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Toachi Mining Inc (CVE:TIM) shares fell 16.7% on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. 105,000 shares were traded during trading, a decline of 7% from the average session volume of 112,358 shares. The stock had previously closed at C$0.06.

The stock has a market cap of $4.87 million and a price-to-earnings ratio of -0.69. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.37 and a current ratio of 0.39.

Toachi Mining (CVE:TIM) last announced its quarterly earnings results on Friday, March 22nd. The company reported C($0.04) earnings per share for the quarter.

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Toachi Mining Company Profile (CVE:TIM)

Toachi Mining Inc engages in the mineral exploration activities. It holds an option to acquire 60% to 75% interest in the La Plata gold-rich copper-zinc-silver-lead volcanogenic massive sulphide project located to the southwest of Quito, Ecuador. The company was formerly known as Ferrum Americas Mining Inc and changed its name to Toachi Mining Inc in March 2016.

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