Talon Metals (TSE:TLO) Trading Up 28.6% – Here’s What Happened

Shares of Talon Metals Corp. (TSE:TLO) traded up 28.6% during mid-day trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.14. 5,254,911 shares were traded during mid-day trading, an increase of 920% from the average session volume of 515,142 shares. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

TLO has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on Talon Metals from C$0.50 to C$0.45 and set a “buy” rating for the company in a research report on Thursday, January 30th. TD Securities decreased their price target on shares of Talon Metals from C$0.25 to C$0.20 and set a “buy” rating for the company in a research note on Monday, March 31st.

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 business has a fifty day moving average of C$0.10 and a 200 day moving average of C$0.09. The company has a market cap of C$144.88 million, a P/E ratio of -55.00 and a beta of 1.13.

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.