Talon Metals (TSE:TLO) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Talon Metals Corp.'s stock price recently surpassed its 50-day moving average of C$0.29, reaching a high of C$0.39 during trading.
• TD Securities upgraded Talon Metals' price target from C$0.35 to C$0.50, maintaining a "buy" rating for the stock.
• The company's current ratio stands at 2.81 and its debt-to-equity ratio is notably low at 0.08, indicating strong financial health.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.29 and traded as high as C$0.39. Talon Metals shares last traded at C$0.38, with a volume of 2,058,509 shares traded.

Analyst Upgrades and Downgrades

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

Talon Metals Stock Performance

The company's fifty day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.18. The stock has a market capitalization of C$392.58 million, a P/E ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.

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.