Insider Buying: Titan Mining (TSE:TI) Director Buys C$20,845.32 in Stock

Key Points

• Director Rita Adiani purchased 7,692 Titan Mining shares at an average price of C$2.71, spending C$20,845.32 and increasing her ownership by 2.31% to 340,285 shares.
• Titan Mining shares remained flat at C$2.84, well below their 50-day and 200-day moving averages of C$3.64 and C$3.90, respectively. The stock has traded between C$2.46 and C$7.75 over the past year.
• The company reported C$36.52 million in quarterly revenue and C$0.07 in earnings per share, but posted a negative 10.58% net margin and negative 67.15% return on equity.

Titan Mining Co. (TSE:TI - Get Free Report) Director Rita Adiani purchased 7,692 shares of the business's stock in a transaction dated Tuesday, October 27th. The stock was bought at an average cost of C$2.71 per share, with a total value of C$20,845.32. Following the completion of the acquisition, the director owned 340,285 shares of the company's stock, valued at approximately C$922,172.35. The trade was a 2.31% increase in their ownership of the stock.

Titan Mining Stock Performance

TSE TI remained flat at C$2.84 during trading hours on Wednesday. The company had a trading volume of 12,074 shares, compared to its average volume of 104,546. The stock has a 50-day simple moving average of C$3.64 and a 200 day simple moving average of C$3.90. The company has a quick ratio of 1.88, a current ratio of 1.82 and a debt-to-equity ratio of 101.66. Titan Mining Co. has a 1 year low of C$2.46 and a 1 year high of C$7.75. The firm has a market capitalization of C$279.14 million, a price-to-earnings ratio of -31.56 and a beta of -0.85.

Titan Mining (TSE:TI - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported C$0.07 earnings per share for the quarter. The business had revenue of C$36.52 million for the quarter. Titan Mining had a negative net margin of 10.58% and a negative return on equity of 67.15%. As a group, equities research analysts anticipate that Titan Mining Co. will post 0.01 EPS for the current fiscal year.

About Titan Mining

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York State. Titan is also the United States' first end-to-end producer of natural flake graphite in 70 years and is advancing graphite and germanium initiatives to strengthen domestic critical minerals supply chains. The Company has also received support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative. Titan's goal is to deliver shareholder value through operational excellence, development, and exploration.

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