Titan Minerals Ltd (TTM) Jumps 2.63% on Nov 24

November 24, 2017 - By Maria Brooks

Shares of Titan Minerals Ltd (ASX:TTM) last traded at 0.039, representing a move of 2.63%, or 0.001 per share, on volume of 1.22 million shares. After opening the trading day at 0.04, shares of Titan Minerals Ltd traded in a close range. Titan Minerals Ltd currently has a total float of 10.38M shares and on average sees 14.74M shares exchange hands each day. The stock now has a 52-week low of 0.02 and high of 0.04.

Why More Investors Are Looking Into S&P/ASX 200 Stocks

Australia takes pride with good corporate governance, which is why it is one of Asia’s fastest growing economies today. A nation’s good corporate governance improves its growth potentials as it lures domestic and foreign investors alike to bank on its equity market. CG Watch, which publishes ranks top Asian markets in terms of corporate governance biannually, has included Australia in its recent list.

The Australian Equity Market

Titan Minerals Ltd is traded on the The Australian Securities Exchange (ASX) one of the biggest stock exchanges in Asia. And Titan Minerals Ltd also included in its list. As of May 2014, over 2,000 companies are listed on the ASX, boasting with a total market capitalization of almost A$2 trillion.

One of the benchmark indices in Australia is the S&P/ASX 200, which tracks as much as 200 most actively traded stocks on the ASX.

The S&P/ASX 200

The S&P/ASX 200 carries on from All Ordinaries, which was formed in January 1980 to serve as the main Australian benchmark index, when it was established in April 2000. It had started at 3,133.30 points.

Continuing from the history of All Ordinaries, the S&P/ASX 200 had hit its all-time low of 1,358.50 points in November 1992. Eventually, it was able to recover, hitting its all-time high of 6,828.70 points during the same month in 2007. In February of that year, the S&P/ASX 200 had first reached the 6,000 mark. Investors had flocked the ASX that time, seeking for safe-haven assets in preparation for the Global Financial Crisis of 2008 amid early signs pointing out to its onslaught. Australia have always boasted with a compelling borrowing environment, which is why investors have always relied to its economy for valuable investment growth.

The S&P/ASX 200 is rebalanced quarterly by a panel of five members, the Index Committee. The review happens on the 16th of every quarter-end month— March, June, September, and December. Up to 200 companies make up the S&P/ASX, depending on their liquidity, market capitalization, and other factors. Titan Minerals Ltd liquidity gives it an ability to perform the obligations with ease.

The S&P/ASX 200 is a free-float market-capitalization-weighted index, which means that stocks are evaluated based on their respective market capitalizations with respect to their share prices. Given this, stocks held by venture capitalists and the government are excluded since they are not often traded on the ASX.

When the components of the S&P/ASX 200 were last reviewed on September 16, six stocks had been removed while six new stocks had been included. Roughly 40% of the index is composed of the financial sector.

The S&P/ASX 200 represents about 80% of the total market valuation on the ASX, which is why it is an important indicator of the Australian economy. Similarly, it has a huge impact on the entire Asian economy.

Investors can surely benefit from the low interest rates and a healthy equity market in Australia. Titan Minerals Ltd has relatively good liquidity. That being said, investing in ASX stocks is highly recommended for those who are seeking higher near-term and long-term returns alike. Investors prefer the companies like Titan Minerals Ltd where they can easily see its liquidity ratio.

More recent Titan Minerals Ltd (ASX:TTM) news were published by: Juniorminingnetwork.com which released: “Titan Minerals Announces Plans to Expand Tailings Facility at San Santiago Plant” on November 20, 2017. Also Juniorminingnetwork.com published the news titled: “Titan Minerals to Review Historic Exploration Data for San Santiago Copper Project” on November 14, 2017. Prnewswire.com‘s news article titled: “Iron Oxide Pigments Market to Reach US$1951.8 mn by 2025, Globally …” with publication date: November 22, 2017 was also an interesting one.

Titan Minerals Limited, formerly Minera Gold Limited, is an Australia international mining and processing firm with activities in Peru. The company has market cap of $63.78 million. The principal activity of the Company is the ownership and operating a gold and copper toll processing plant in the Nazca Ocona region in southern Peru includes the ownership of copper and gold exploration concessions and development and production of medium sized gold projects in South America, with a primary focus on Peru. It currently has negative earnings. Torrecillas Gold Project is a development project located 640 kilometer south of Lima in south-eastern Peru within the Nazca-Ocona geological belt, a mining region, which hosts operating gold mines.

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