Talon Metals (TSE:TLO) Trading Up 39.5% - Here's Why

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) shot up 39.5% during mid-day trading on Friday . The company traded as high as C$0.33 and last traded at C$0.27. 14,707,631 shares changed hands during trading, an increase of 1,545% from the average session volume of 893,898 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

Separately, TD Securities reduced their target price on 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 Stock Down 11.5%

The firm has a market cap of C$214.99 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The firm has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.10. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Talon Metals Company Profile

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.