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The share price of Toachi Mining Inc. (CVE: TIM) fell by 11.1% during the midday trading session on Friday. The shares traded at a price as low as C $ 0.04 and the last at C $ 0.04. 190,000 shares changed hands at midday, an increase of 72% compared to the average session volume of 110,540 shares. The stock was previously closed at C $ 0.05.
The firm has a market capitalization of $ 4.06 million and a P / E ratio of -0.69. The company has a debt-to-equity ratio of 4.03, a fast ratio of 0.37 and a current ratio of 0.39.
Toachi Mining (CVE: TIM) released its quarterly results on Friday, March 22. The company reported EPS of $ 0.04 for the quarter.
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About Toachi Mining (CVE: TIM)
Toachi Mining Inc. engages in mineral exploration activities. It has an option to acquire a 60% to 75% interest in the La Volta Gold, Copper, Zinc, Lead and Silver Volcanogenic Mbadive Sulphide Project located southwest of Quito, Ecuador. The company, formerly known as Ferrum Americas Mining Inc., took the name Toachi Mining Inc. in March 2016.
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