Titan Mining Target of Unusually Large Options Trading (NYSEAMERICAN:TII)

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

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $6.50 price target on shares of Titan Mining in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

Institutional Trading of Titan Mining

Large investors have recently modified their holdings of the company. Thoroughbred Financial Services LLC bought a new position in Titan Mining in the fourth quarter worth approximately $35,000. World Investment Advisors bought a new stake in Titan Mining during the 1st quarter valued at $36,000. HighTower Advisors LLC bought a new stake in Titan Mining during the 4th quarter valued at $51,000. Commonwealth Equity Services LLC purchased a new stake in shares of Titan Mining in the 4th quarter worth $56,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Titan Mining in the 4th quarter worth $78,000.

Titan Mining Stock Performance

NYSEAMERICAN TII opened at $2.10 on Friday. Titan Mining has a 12 month low of $1.25 and a 12 month high of $5.65. The business has a 50-day moving average of $2.22. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.73.

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

Titan Mining Company Profile

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.