Titan Mining Corp (TSE:TI) shares dropped 7.3% during mid-day trading on Thursday . The stock traded as low as C$0.50 and last traded at C$0.51. Approximately 119,500 shares changed hands during mid-day trading, an increase of 222% from the average daily volume of 37,121 shares. The stock had previously closed at C$0.55.
TI has been the subject of several recent research reports. TD Securities downgraded Titan Mining from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$2.00 to C$1.25 in a research note on Friday, February 22nd. National Bank Financial lowered their price objective on Titan Mining from C$1.05 to C$0.70 and set a “sector perform” rating for the company in a research note on Monday, March 25th.
The company has a debt-to-equity ratio of 76.35, a current ratio of 0.48 and a quick ratio of 0.22. The company has a market cap of $56.08 million and a PE ratio of -2.88.
Titan Mining (TSE:TI) last announced its earnings results on Thursday, March 21st. The company reported C($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.07). The company had revenue of C($0.46) million during the quarter. On average, equities research analysts predict that Titan Mining Corp will post 0.08 earnings per share for the current fiscal year.
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Titan Mining Company Profile (TSE:TI)
Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. It explores for zinc ores and base metals. The company's principal asset is the Empire State Mine project that is located in Northern New York State, the United States.
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