Talon Metals (TSE:TLO) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Talon Metals Corp. (TSE:TLO) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$7.92 and traded as high as C$9.17. Talon Metals shares last traded at C$9.14, with a volume of 486,291 shares changing hands.

Analyst Ratings Changes

Separately, National Bank Financial set a C$8.00 price target on shares of Talon Metals and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Talon Metals has a consensus rating of “Buy” and a consensus price target of C$8.00.

Talon Metals Stock Performance

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$1.48 billion, a P/E ratio of 2,615.91 and a beta of 2.60. The business has a fifty day moving average price of C$7.92 and a 200-day moving average price of C$7.03.

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

Insider Transactions at Talon Metals

In other news, Director Jack Oliver Lundin purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were acquired at an average price of C$9.15 per share, with a total value of C$915,000.00. Following the transaction, the director owned 100,000 shares of the company’s stock, valued at C$915,000. This represents a ? increase in their ownership of the stock. 18.55% of the stock is currently owned by company 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.