Titan Mining (TSE:TI) Shares Up 9.3%

Titan Mining Co. (TSE:TI) shot up 9.3% during trading on Thursday . The stock traded as high as C$0.30 and last traded at C$0.30. 167,060 shares traded hands during mid-day trading, an increase of 461% from the average session volume of 29,791 shares. The stock had previously closed at C$0.27.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price objective on Titan Mining from C$0.40 to C$0.25 in a research note on Monday, July 22nd.

Titan Mining Stock Up 18.5 %

The firm has a market capitalization of C$43.64 million, a P/E ratio of -4.71 and a beta of 0.02. The company has a current ratio of 0.51, a quick ratio of 1.88 and a debt-to-equity ratio of 1,058.24. The company has a 50 day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.27.

Titan Mining (TSE:TI) last posted its earnings results on Wednesday, August 14th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$24.59 million during the quarter. Titan Mining had a negative net margin of 11.56% and a negative return on equity of 2,059.37%. On average, equities analysts predict that Titan Mining Co. will post 0.0145949 EPS for the current fiscal year.

Titan Mining Company Profile

Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. It primarily explores for zinc. The company's principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat Edwards mining district in northern New York.