Talon Metals (TSE:TLO) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Talon Metals Corp. shares have crossed above their 200-day moving average, with the stock trading at C$0.45 after reaching a high of C$0.47.
• TD Securities raised their price target for Talon Metals from C$0.35 to C$0.50, maintaining a "buy" rating, while two analysts rated the stock as a buy with an average target of C$0.48.
• The company has a market capitalization of C$508.33 million and a low debt-to-equity ratio of 0.08, indicating strong financial health.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.27 and traded as high as C$0.47. Talon Metals shares last traded at C$0.45, with a volume of 6,666,197 shares traded.

Wall Street Analyst Weigh In

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

Talon Metals Stock Performance

The firm has a market cap of C$508.33 million, a P/E ratio of -55.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The company's 50 day moving average is C$0.41 and its 200 day moving average is C$0.27.

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.

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