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Talon Metals (TSE:TLO) Hits New 1-Year High - Here's What Happened

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Key Points

  • Talon Metals Corp. shares hit a new 52-week high at C$0.41, reflecting a 15.5% increase in trading volume, with over 8 million shares changing hands.
  • The company has strong liquidity ratios, including a quick ratio of 5.62 and a current ratio of 2.81, indicating a strong financial position.
  • Talon Metals holds an 18.45% interest in the Tamarack nickel-copper-PGE project in Minnesota and a 100% interest in the Trairão iron project in Brazil.
  • Want stock alerts on Talon Metals? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.41 and last traded at C$0.41, with a volume of 8340250 shares trading hands. The stock had previously closed at C$0.36.

Talon Metals Stock Performance

The firm's fifty day moving average price is C$0.26 and its 200-day moving average price is C$0.16. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of C$383.24 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

Talon Metals Company Profile

(Get Free Report)

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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