Talon Metals (TSE:TLO) Shares Up 19% - What's Next?

Talon Metals Corp. (TSE:TLO - Get Free Report) shares rose 19% during trading on Monday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 1,109,291 shares traded hands during trading, an increase of 140% from the average daily volume of 462,626 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

TLO has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price objective on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating for the company in a research report on Thursday, January 30th. TD Securities cut 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 quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The stock has a market cap of C$130.86 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The company's 50-day moving average is C$0.10 and its 200-day moving average is C$0.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.