TOR Minerals International (OTCMKTS:TORM) Announces Quarterly Earnings Results

TOR Minerals International (OTCMKTS:TORM) released its quarterly earnings data on Friday. The specialty chemicals company reported $0.03 EPS for the quarter, Zacks reports. TOR Minerals International had a negative net margin of 3.03% and a negative return on equity of 6.15%.

TOR Minerals International Price Performance

Shares of TORM stock traded up $0.05 during trading hours on Friday, reaching $2.20. The company had a trading volume of 200 shares, compared to its average volume of 3,991. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.90 and a current ratio of 4.28. The stock has a fifty day moving average of $2.14 and a 200-day moving average of $1.65. The company has a market capitalization of $7.79 million, a price-to-earnings ratio of -36.67 and a beta of 0.24. TOR Minerals International has a 12-month low of $0.77 and a 12-month high of $2.33.

About TOR Minerals International

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.