Talon Metals (TSE:TLO) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Talon Metals Corp. shares have surpassed their 50-day moving average of C$0.25, currently trading at C$0.30.
• The company's market capitalization is C$280.42 million with a negative PE ratio of -55.00 and a low debt-to-equity ratio of 0.08.
• Talon Metals is focused on mineral exploration in the U.S., holding significant interests in projects such as the Tamarack nickel-copper-PGE project in Minnesota and the Trairão iron project in Brazil.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.25 and traded as high as C$0.31. Talon Metals shares last traded at C$0.30, with a volume of 1,983,403 shares traded.

Talon Metals Stock Performance

The stock has a market cap of C$331.83 million, a PE ratio of -55.00 and a beta of 1.13. 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 business's 50-day moving average price is C$0.25 and its 200-day moving average price is C$0.15.

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.