Titan Mining (TI) Hits New 52-Week Low at $0.70

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Titan Mining Corp (TSE:TI) hit a new 52-week low on Monday . The company traded as low as C$0.70 and last traded at C$0.71, with a volume of 48500 shares trading hands. The stock had previously closed at C$0.75.

TI has been the topic of a number of recent analyst reports. National Bank Financial lowered their target price on shares of Titan Mining from C$1.60 to C$1.50 and set an “outperform” rating on the stock in a research note on Friday, November 16th. TD Securities downgraded shares of Titan Mining from a “buy” rating to a “hold” rating and lowered their target price for the company from C$2.00 to C$1.25 in a research note on Friday, February 22nd.

The company has a current ratio of 0.37, a quick ratio of 0.13 and a debt-to-equity ratio of 15.41. The firm has a market capitalization of $76.48 million and a PE ratio of -5.26.

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About Titan Mining (TSE:TI)

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. The company explores for zinc ores and base metals. Its principal asset is the Empire State Mine project that is located in Northern New York State, the United States.

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