Talon Metals (TSE:TLO) Shares Break Below 200 Day Moving Average – Should You Sell?

Talon Metals Corp. (TSE:TLO)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$7.21 and traded as low as C$6.86. Talon Metals shares last traded at C$6.93, with a volume of 596,277 shares traded.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$8.00 target price on Talon Metals and gave the stock an “outperform” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$8.00.

Talon Metals Trading Up 4.8%

The stock’s 50 day moving average price is C$8.52 and its 200-day moving average price is C$7.22. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of C$1.18 billion, a PE ratio of 2,077.85 and a beta of 2.15.

Talon Metals (TSE:TLO) last announced its quarterly earnings data on Thursday, August 13th. The mining company reported C$0.03 EPS for the quarter. The firm had revenue of C$73.20 million for the quarter. During the same quarter last year, the firm earned ($0.01) EPS. On average, sell-side analysts expect that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Talon Metals

In related news, Director Frank David Wheatley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of C$8.04, for a total transaction of C$160,800.00. Also, Director Jack Oliver Lundin bought 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average cost of C$9.15 per share, with a total value of C$915,000.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at C$915,000. This represents a ? increase in their position. Insiders bought 126,200 shares of company stock worth $1,125,910 in the last three months. Insiders own 18.55% of the company’s stock.

About Talon Metals

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.