Talon Metals (TSE:TLO) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.09 and traded as high as C$0.11. Talon Metals shares last traded at C$0.11, with a volume of 126,029 shares traded.

Wall Street Analyst Weigh In

TLO has been the topic of a number of analyst reports. TD Securities lowered their target price on Talon Metals from C$0.25 to C$0.20 and set a "buy" rating on the stock in a report on Monday, March 31st. Stifel Nicolaus cut their target price on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating for the company in a research note on Thursday, January 30th.

Talon Metals Price Performance

The company has a market cap of C$98.15 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The company's 50-day simple moving average is C$0.09 and its 200-day simple moving average is C$0.09.

Talon Metals Company Profile

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.