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.
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.
Recommended Story: Equity Income
Receive News & Ratings for Toachi Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toachi Mining and related companies with MarketBeat.com's FREE daily email newsletter.