Talon Metals (TSE:TLO) Trading Up 13.7% – Still a Buy?

Talon Metals Corp. (TSE:TLO)’s stock price was up 13.7% during mid-day trading on Tuesday . The company traded as high as C$0.43 and last traded at C$0.42. Approximately 5,061,462 shares were traded during mid-day trading, an increase of 193% from the average daily volume of 1,730,088 shares. The stock had previously closed at C$0.37.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their target price on Talon Metals from C$0.35 to C$0.50 and gave the company a “buy” rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Talon Metals currently has an average rating of “Buy” and a consensus target price of C$0.48.

Talon Metals Price 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 cap of C$440.55 million, a P/E ratio of -55.00 and a beta of 0.56. The business has a fifty day moving average of C$0.41 and a 200 day moving average of C$0.30.

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.