Talon Metals (TSE:TLO) Shares Down 13.5% - Should You Sell?

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price traded down 13.5% during mid-day trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.23. 4,722,979 shares changed hands during mid-day trading, an increase of 392% from the average session volume of 959,248 shares. The stock had previously closed at C$0.26.

Analyst Ratings Changes

Separately, TD Securities lowered their price target on shares of 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.

Talon Metals Price Performance

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 stock has a 50 day simple moving average of C$0.13 and a 200-day simple moving average of C$0.10. The firm has a market cap of C$212.65 million, a PE ratio of -55.00 and a beta of 1.13.

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.

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