TOR Minerals International (OTCMKTS:TORM) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

by · The Markets Daily

TOR Minerals International Inc (OTCMKTS:TORM – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.13 and traded as low as $1.00. TOR Minerals International shares last traded at $1.04, with a volume of 550 shares changing hands.

TOR Minerals International Trading Up 1.9%

The stock has a market capitalization of $3.75 million, a price-to-earnings ratio of -3.21 and a beta of -0.11. The business has a fifty day simple moving average of $1.06 and a 200 day simple moving average of $1.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.72 and a current ratio of 4.09.

TOR Minerals International (OTCMKTS:TORM – Get Free Report) last posted its quarterly earnings data on Saturday, November 15th. The specialty chemicals company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $5.23 million during the quarter. TOR Minerals International had a negative net margin of 5.31% and a negative return on equity of 7.21%.

About TOR Minerals International

(Get Free Report)

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.

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