Titan Mining Sees Unusually Large Options Volume (NYSEAMERICAN:TII)

Titan Mining Corporation (NYSEAMERICAN:TII) was the recipient of some unusual options trading on Thursday. Traders bought 5,066 call options on the stock. This is an increase of 1,985% compared to the typical volume of 243 call options.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $6.50 price objective on shares of Titan Mining in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Titan Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

Titan Mining Stock Performance

Shares of Titan Mining stock opened at $2.02 on Friday. The business’s 50 day moving average is $2.21. Titan Mining has a 1-year low of $1.25 and a 1-year high of $5.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.48 and a current ratio of 0.68.

Titan Mining (NYSEAMERICAN:TII) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. Titan Mining had a negative net margin of 17.67% and a negative return on equity of 332.15%. The company had revenue of $19.60 million during the quarter. On average, equities analysts expect that Titan Mining will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Thoroughbred Financial Services LLC purchased a new stake in shares of Titan Mining in the fourth quarter valued at about $35,000. World Investment Advisors purchased a new position in Titan Mining during the first quarter worth about $36,000. HighTower Advisors LLC purchased a new position in Titan Mining during the fourth quarter worth about $51,000. Commonwealth Equity Services LLC acquired a new position in Titan Mining in the 4th quarter valued at about $56,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Titan Mining in the 4th quarter valued at about $78,000.

About Titan Mining

Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its 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. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016.