Talon Metals (TSE:TLO) Stock Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Talon Metals' share price has crossed above its 50-day moving average of C$0.34, reaching a high of C$0.39 during trading.
• TD Securities has increased their price target for Talon Metals from C$0.35 to C$0.50 and issued a "buy" rating.
• The company's latest market capitalization stands at C$429.26 million with a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.34 and traded as high as C$0.39. Talon Metals shares last traded at C$0.38, with a volume of 384,099 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities raised their target price on shares of Talon Metals from C$0.35 to C$0.50 and gave the company a "buy" rating in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$0.48.

Talon Metals Stock Performance

The stock's 50-day moving average price is C$0.35 and its 200-day moving average price is C$0.22. 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 company has a market cap of C$423.61 million, a P/E ratio of -55.00 and a beta of 0.57.

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.