Talon Metals (TSE:TLO) Trading Up 42.9% - Here's Why

Talon Metals Corp. (TSE:TLO - Get Free Report) rose 42.9% during trading on Monday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 4,771,663 shares were traded during mid-day trading, an increase of 846% from the average daily volume of 504,530 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

TLO has been the topic of several analyst reports. TD Securities reduced their target price 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. Stifel Nicolaus reduced their target price on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating on the stock in a report on Thursday, January 30th.

Talon Metals Stock Down 3.2%

The company has a market capitalization of C$140.21 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The firm's 50 day simple moving average is C$0.10 and its 200-day simple moving average is C$0.09. The company has a current ratio of 2.81, a quick ratio of 5.62 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.