TOR Minerals International (OTCMKTS:TORM) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

TOR Minerals International Inc (OTCMKTS:TORM) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.13 and traded as low as $1.00. TOR Minerals International shares last traded at $1.04, with a volume of 550 shares traded.

TOR Minerals International Stock Up 2.0%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.72 and a current ratio of 4.09. The company’s 50-day moving average price is $1.07 and its 200 day moving average price is $1.13. The stock has a market capitalization of $3.68 million, a P/E ratio of -3.15 and a beta of -0.11.

TOR Minerals International (OTCMKTS:TORM) last issued its earnings results on Saturday, November 15th. The specialty chemicals company reported ($0.08) earnings per share for the quarter. The firm had revenue of $5.23 million during the quarter. TOR Minerals International had a negative return on equity of 7.21% and a negative net margin of 5.31%.

About TOR Minerals International

TOR Minerals International, Inc (OTCMKTS:TORM) is a Canada-based provider of specialty chemical reagents for mineral processing. Headquartered in St. John’s, Newfoundland and Labrador, the company develops and manufactures a suite of flotation reagents, including collectors, frothers, depressants, activators and modifiers that aid in the efficient separation of base metals, precious metals and coal. TOR Minerals applies proprietary formulation technology to tailor reagent performance for specific ore types and operational conditions.

Since its incorporation in 2003, TOR Minerals has grown into a global supplier, with manufacturing and blending facilities strategically located in North America, South America, Europe and Asia Pacific.