Talon Metals (TSE:TLO) Shares Down 14.4% - Here's Why

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price traded down 14.4% during mid-day trading on Monday . The company traded as low as C$0.21 and last traded at C$0.22. 6,993,704 shares were traded during mid-day trading, an increase of 609% from the average session volume of 985,977 shares. The stock had previously closed at C$0.26.

Analyst Ratings Changes

Separately, TD Securities decreased their target price on Talon Metals from C$0.25 to C$0.20 and set a "buy" rating on the stock in a research report on Monday, March 31st.

Talon Metals Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The stock has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.11. The stock has a market cap of C$210.31 million, a P/E 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.