Talon Metals (TSE:TLO) Stock Price Passes Above 50 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 crossed above its 50-day moving average during trading on Friday . The stock has a 50-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.

Analyst Ratings Changes

Separately, TD Securities raised their price target on Talon Metals from C$0.35 to C$0.50 and gave the stock a "buy" rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Talon Metals currently has a consensus rating of "Buy" and a consensus target price of C$0.48.

Talon Metals Stock Down 1.3%

The firm has a fifty day moving average price of C$0.34 and a 200-day moving average price of C$0.21. 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 firm has a market cap of C$429.26 million, a price-to-earnings ratio of -55.00 and a beta of 0.57.

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.

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