Talon Metals (TSE:TLO) Shares Pass Above 50-Day Moving Average - Time to Sell?

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.22 and traded as high as C$0.31. Talon Metals shares last traded at C$0.31, with a volume of 3,511,167 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities reduced their price target on Talon Metals from C$0.25 to C$0.20 and set a "buy" rating for the company in a research report on Monday, March 31st.

Talon Metals Stock Performance

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 firm has a fifty day simple moving average of C$0.23 and a 200 day simple moving average of C$0.14. The company has a market capitalization of C$303.78 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

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.