Talon Metals (TSE:TLO) Shares Up 12.5% - Should You Buy?

Talon Metals Corp. (TSE:TLO - Get Free Report) shares traded up 12.5% during mid-day trading on Friday . The stock traded as high as C$0.26 and last traded at C$0.25. 4,179,713 shares were traded during mid-day trading, an increase of 269% from the average session volume of 1,133,576 shares. The stock had previously closed at C$0.22.

Wall Street Analysts Forecast Growth

Separately, TD Securities reduced 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 research report on Monday, March 31st.

Talon Metals Trading Up 9.1%

The firm has a market cap of C$224.33 million, a P/E ratio of -55.00 and a beta of 1.13. The business's 50-day moving average is C$0.17 and its two-hundred day moving average is C$0.12. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

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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