Talon Metals (TSE:TLO) Hits New 52-Week High - Here's What Happened

Key Points

• Talon Metals Corp. reached a new 52-week high of C$0.43, closing at C$0.42 with a trading volume of over 2.85 million shares.
• TD Securities upgraded Talon Metals' price target from C$0.35 to C$0.50, maintaining a "buy" rating, contributing to a consensus rating of "Buy" among analysts.
• The company has a market capitalization of C$508.33 million and an impressive current ratio of 2.81, indicating strong liquidity.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as C$0.43 and last traded at C$0.42, with a volume of 2858291 shares changing hands. The stock had previously closed at C$0.42.

Analyst Ratings Changes

Separately, TD Securities raised their price objective on shares of Talon Metals from C$0.35 to C$0.50 and gave the stock a "buy" rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Talon Metals currently has a consensus rating of "Buy" and a consensus target price of C$0.48.

Talon Metals Trading Up 8.4%

The company's 50-day moving average is C$0.37 and its 200 day moving average is C$0.24. The firm has a market cap of C$508.33 million, a PE ratio of -55.00 and a beta of 0.57. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

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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