Insider Selling: Talon Metals (TSE:TLO) Director Sells C$160,800.00 in Stock

Key Points

• Talon Metals director Frank David Wheatley sold 20,000 shares at an average price of C$8.04, generating proceeds of C$160,800.
• The stock fell 3.1% to C$7.75, with a market capitalization of approximately C$1.26 billion and a 12-month trading range of C$3.65 to C$11.23.
• Analysts maintain a favorable outlook: National Bank Financial assigned an “outperform” rating, while the stock has an average “Buy” rating and an average price target of C$8.00.

Talon Metals Corp. (TSE:TLO - Get Free Report) Director Frank David Wheatley sold 20,000 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of C$8.04, for a total transaction of C$160,800.00.

Talon Metals Stock Down 3.1%

TLO stock traded down C$0.25 during trading on Thursday, reaching C$7.75. 295,945 shares of the company traded hands, compared to its average volume of 677,414. The business has a 50 day simple moving average of C$8.61 and a 200 day simple moving average of C$7.19. Talon Metals Corp. has a 12 month low of C$3.65 and a 12 month high of C$11.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 2,218.09 and a beta of 2.40.

Talon Metals (TSE:TLO - Get Free Report) last announced its earnings results on Thursday, August 13th. The mining company reported C$0.03 EPS for the quarter. The firm had revenue of C$73.20 million during the quarter. During the same period in the previous year, the company earned ($0.01) EPS. On average, equities research analysts anticipate that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$8.00 target price on shares of Talon Metals and gave the company an "outperform" rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$8.00.

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.

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