Talon Metals (TSE:TLO) Shares Down 15.4% - Here's Why

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) were down 15.4% during mid-day trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.22. Approximately 5,540,704 shares traded hands during mid-day trading, an increase of 465% from the average daily volume of 980,381 shares. The stock had previously closed at C$0.26.

Analysts Set New Price Targets

Separately, TD Securities dropped 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.

Talon Metals Trading Down 4.3%

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 capitalization of C$205.64 million, a P/E ratio of -55.00 and a beta of 1.13. The firm's 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.10.

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.