Titan Mining (TSE:TI) Trading 15.3% Higher – Here’s What Happened

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

Titan Mining Stock Performance

The company has a debt-to-equity ratio of 697.44, a current ratio of 0.68 and a quick ratio of 1.88. The stock has a market cap of C$337.13 million, a price-to-earnings ratio of 28.30 and a beta of -0.56. The stock’s 50-day moving average is C$4.01 and its 200 day moving average is C$4.19.

Titan Mining (TSE:TI) last released its earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$27.24 million for the quarter. Titan Mining had a negative return on equity of 2.35% and a negative net margin of 0.13%. As a group, analysts predict that Titan Mining Co. will post 0.0145949 earnings per share for the current fiscal year.

Insiders Place Their Bets

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