Talon Metals (TSE:TLO) Trading Up 11.1% – What’s Next?

Shares of Talon Metals Corp. (TSE:TLO) shot up 11.1% during trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.10. 1,314,946 shares traded hands during mid-day trading, an increase of 214% from the average session volume of 419,384 shares. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded shares of Talon Metals to a “moderate buy” rating in a research report on Wednesday, October 16th.

Talon Metals Stock Performance

The company has a market cap of C$93.47 million, a PE ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The business has a 50-day moving average of C$0.09 and a 200 day moving average of C$0.13.

Insider Activity

In related news, insider Resource Capital Fund VI L.P. sold 483,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$0.09, for a total transaction of C$43,470.00. Insiders sold 1,333,000 shares of company stock valued at $118,220 in the last quarter. 18.55% of the stock is currently owned by insiders.

Talon Metals Company Profile

Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. It owns an 18.45% interest is the Tamarack nickel-copper-PGE project located in Minnesota, the United States; and a 100% interest in the Trairão iron project located in Brazil. The company is headquartered in Road Town, the British Virgin Islands.