Titan Iron Ore Corp. (OTC:TFER) has been keeping the up move for two weeks. Yesterday, the stock added another 5.95% to 
its price and its traded volume remained high.
What is interesting here is that Titan has not released much news on its business lately and the reason for the up trend cannot be explained. In any case, TFER has just made its chart position even stronger.
Yesterday, the company announced that it has delivered notice of its decision to exercise its option to purchase the Strong Creek and Iron Mountain mineral claims located in Wyoming. Meanwhile, Titan has concluded its Phase I drilling program on the Strong Creek portion of the Wyoming property on Dec 7, and the assaying of core is currently underway.
The optimistic news may definitely encourage investors additionally and make TFER climb higher these days. The question is how long the uptrend will resist.
Titan Iron Ore Corp. is focused on the acquisition and development of iron ore exploration and development mining properties. In June, the company had a 1:37 stock split and entered into an option agreement for acquiring a property. TFER expects to take title to the property by entering into and closing a definitive Asset Purchase Agreement early 2012.[BANNER]
Unfortunately, the company’s financials are not that promising. TFER has generated minimal revenues and incurred losses since inception, which are expected to continue. Thus, the company’s ability to continue as a going concern is dependent upon its ability to generate profitable operations and/or to obtain the necessary financing to meet its obligations. Otherwise its future operation seems rather doubtful.
