TOR Minerals International (OTCMKTS:TORM) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?
by Jessica Moore · The Cerbat GemShares of TOR Minerals International Inc (OTCMKTS:TORM – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.15 and traded as low as $1.15. TOR Minerals International shares last traded at $1.15, with a volume of 150 shares trading hands.
TOR Minerals International Trading Up 7.5%
The business’s 50 day moving average price is $1.11 and its two-hundred day moving average price is $1.14. 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 has a market capitalization of $4.07 million, a price-to-earnings ratio of -3.48 and a beta of -0.08.
TOR Minerals International (OTCMKTS:TORM – Get Free Report) last released its earnings results on Saturday, November 15th. The specialty chemicals company reported ($0.08) EPS for the quarter. The business 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%.
TOR Minerals International Company Profile
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.