Titan Mining (TSE:TI) Hits New 12-Month Low at $0.30

Shares of Titan Mining Corp (TSE:TI) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 484000 shares. The stock had previously closed at C$0.32.

Several research analysts recently commented on the company. TD Securities reduced their target price on Titan Mining from C$0.80 to C$0.45 and set a “hold” rating for the company in a research report on Friday, July 5th. National Bank Financial reduced their target price on Titan Mining from C$0.50 to C$0.35 and set a “sector perform” rating for the company in a research report on Thursday, September 12th.

The stock has a market capitalization of $33.59 million and a P/E ratio of -1.71. The firm has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.45. The company has a quick ratio of 0.22, a current ratio of 0.59 and a debt-to-equity ratio of 122.28.

Titan Mining (TSE:TI) last issued its earnings results on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.02). The company had revenue of C($2.21) million during the quarter, compared to analysts’ expectations of C$10.05 million. Analysts predict that Titan Mining Corp will post -0.04 EPS for the current fiscal year.

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.

See Also: Resistance Level

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