Titan Ore, Corp. (OTCBB:TFER) Loses Fifth, but Seen as Buying Opportunity
Titan Ore, Corp. (OTCBB:TFER), a long-defunct pump, made something of a return in the short trading week leading up to the holidays. Still, just ahead of the long weekend, TFER was sold off on dollar volumes of above $134,000, losing 20% to $0.004. The rise toward the penny levels happens after TFER was wiped out in the aftermath of paid promotions, sliding down more than 95%. 
The company released its new financial data on November 27th, but so far nothing interesting is to be seen. The same basic deficits remain: 
- $12,870 cash
- $1.7 million total assets, incl. Mining asset valuations
- $1.85 million total liabilities
- Zero revenues
- $637,027 net loss, $6.1 million accumulated net loss
True, the market value of the company shrank to a miniscule $244,000, but even this is too much for a miner that still has not achieved any mining. Still, there may be an overselling opportunity, and double-zero tickers are attractive for their fast growth due to accessibility. After the long weekend, TFER may yet make a move.
Investors’ forums remain cautious, yet allow the opportunity for a recovery, and see TFER as something of a wary buying opportunity. And in the past, TFER has shown fast reaction to paid promoters. At those prices, an email could explode the price upward- but this would not add any more substance to the company.
Mining stocks are always to be found among the most actively traded OTC offers. A recent mover with a rich promotion was First Titan Ore, Corp. (OTCBB:FTTN), which was exploited mostly for the stock’s momentum, and now is in a selling downward spiral.
Nevada Gold Corp. (OTCBB:NVGC) also has a facade of solidity and promises of mining gold and silver, but despite the higher tier remains shaky. The promoted stock is currently stagnating around the 41-cent levels.
We have not visited TFER for a while, and in the lower price range, the ticker has turned into a whole new game. If you still see the tiny market cap as a buying indicator, keep in mind that TFER is a risky position which could wipe out value easily, a 20% slashed off at the drop of a hat.
