Talon Metals Corp. (OTCMKTS:TLOFF – Get Free Report) shares traded up 0.9% on Monday. The company traded as high as $5.88 and last traded at $5.82. 154,622 shares traded hands during trading, a decline of 42% from the average daily volume of 266,585 shares. The stock had previously closed at $5.77.
Analyst Ratings Changes
Several brokerages have recently issued reports on TLOFF. National Bank Financial reiterated an “outperform” rating on shares of Talon Metals in a report on Thursday, September 10th. TD Securities restated a “buy” rating on shares of Talon Metals in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy”.
Read Our Latest Report on TLOFF
Talon Metals Price Performance
The business has a 50-day simple moving average of $6.12 and a two-hundred day simple moving average of $5.17.
Institutional Investors Weigh In On Talon Metals
An institutional investor recently raised its position in Talon Metals stock. Harraden Circle Investments LLC grew its position in Talon Metals Corp. (OTCMKTS:TLOFF – Free Report) by 15.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,042,732 shares of the company’s stock after purchasing an additional 142,733 shares during the quarter. Harraden Circle Investments LLC’s holdings in Talon Metals were worth $10,751,000 as of its most recent SEC filing.
About Talon Metals
Talon Metals Corp. is a Canadian mineral exploration and development company focused on advancing nickel, copper and cobalt projects that can supply raw materials for the electric-vehicle and battery industries. The company’s activities include mineral exploration, resource evaluation, project development and planning for future processing and refining operations.
Talon’s principal asset is the Tamarack Nickel-Copper-Cobalt Project in Minnesota, which it operates through a joint venture with Rio Tinto.
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