Toachi Mining Inc (CVE:TIM) fell 16.7% during trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. 105,000 shares were traded during mid-day trading, a decline of 7% from the average session volume of 112,358 shares. The stock had previously closed at C$0.06.
The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $4.87 million and a P/E ratio of -0.69.
Toachi Mining (CVE:TIM) last released its quarterly earnings data on Friday, March 22nd. The company reported C($0.04) EPS for the quarter.
Toachi Mining Inc engages in the mineral exploration activities. It holds an option to acquire 60% to 75% interest in the La Plata gold-rich copper-zinc-silver-lead volcanogenic massive sulphide project located to the southwest of Quito, Ecuador. The company was formerly known as Ferrum Americas Mining Inc and changed its name to Toachi Mining Inc in March 2016.
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