Talon Metals (TSE:TLO) Trading Up 12.5% - Time to Buy?

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

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered their price objective on shares of 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 Price Performance

The company has a market cap of C$238.35 million, a PE ratio of -55.00 and a beta of 1.13. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of C$0.17 and a 200-day simple moving average of C$0.12.

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.