Talon Metals (TSE:TLO) Stock Passes Above 50-Day Moving Average - Should You Sell?

Talon Metals Corp. (TSE:TLO - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.09 and traded as high as C$0.11. Talon Metals shares last traded at C$0.09, with a volume of 1,719,502 shares changing hands.

Wall Street Analyst Weigh In

TLO has been the subject of several research reports. TD Securities decreased 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 note on Monday, March 31st. Stifel Nicolaus decreased their price target 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.

Talon Metals Price Performance

The business's 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.09. 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 company has a market cap of C$88.80 million, a PE ratio of -55.00 and a beta of 1.13.

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.