Talon Metals (TSE:TLO) Trading 31.3% Higher – Time to Buy?

Talon Metals Corp. (TSE:TLOGet Free Report)’s share price was up 31.3% during trading on Friday . The company traded as high as C$0.59 and last traded at C$0.55. Approximately 18,964,226 shares traded hands during mid-day trading, an increase of 911% from the average daily volume of 1,876,341 shares. The stock had previously closed at C$0.42.

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 firm has a market capitalization of C$643.30 million, a P/E ratio of -55.00 and a beta of 0.87. The stock has a fifty day moving average of C$0.43 and a 200-day moving average of C$0.36.

About Talon Metals

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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.

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