Talon Metals (TSE:TLO) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Talon Metals Corp. (TSE:TLO) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.09 and traded as high as C$0.10. Talon Metals shares last traded at C$0.10, with a volume of 98,476 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Securities dropped their target price on Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a research report on Monday, November 18th. Canaccord Genuity Group upgraded Talon Metals to a “moderate buy” rating in a report on Wednesday, October 16th.

Talon Metals Stock Up 5.6 %

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 company has a market cap of C$88.80 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The business has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.10.

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.