Titan Mining (TSE:TI) Trading 5.6% Higher - Time to Buy?

Key Points

• Titan Mining's stock price increased by 5.6% during mid-day trading, reaching a last traded value of C$1.32 after previously closing at C$1.25.
• The company has a market capitalization of C$126.56 million and a P/E ratio of -10.68, indicating potential concerns regarding profitability.
• Titan Mining primarily focuses on zinc exploration, with its principal asset being the Empire State Mine project in New York covering approximately 80,000 acres.

Shares of Titan Mining Co. (TSE:TI - Get Free Report) rose 5.6% during mid-day trading on Thursday . The stock traded as high as C$1.35 and last traded at C$1.32. Approximately 145,053 shares traded hands during trading, an increase of 45% from the average daily volume of 99,823 shares. The stock had previously closed at C$1.25.

Titan Mining Stock Performance

The stock has a market cap of C$171.82 million, a price-to-earnings ratio of 18.00 and a beta of -0.91. The company has a current ratio of 0.46, a quick ratio of 1.88 and a debt-to-equity ratio of -296.52. The stock's 50-day moving average is C$1.08 and its 200-day moving average is C$0.67.

About Titan Mining

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.