TOR Minerals International (OTCMKTS:TORM) Shares Pass Below 200-Day Moving Average – Here’s Why

TOR Minerals International Inc (OTCMKTS:TORM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.18 and traded as low as $0.9640. TOR Minerals International shares last traded at $1.09, with a volume of 4,688 shares changing hands.

TOR Minerals International Price Performance

The firm has a fifty day moving average of $1.32 and a two-hundred day moving average of $1.18. The company has a current ratio of 4.09, a quick ratio of 1.72 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.86 million, a PE ratio of -3.30 and a beta of -0.22.

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.