Talon Metals (TSE:TLO) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Talon Metals Corp.'s stock price has surpassed its 50-day moving average of C$0.31, with the stock recently trading at C$0.40.
• TD Securities has increased its price target for Talon Metals from C$0.35 to C$0.50 and currently rates the stock as a "buy."
• The company holds an 18.45% interest in the Tamarack nickel-copper-PGE project in Minnesota and a 100% interest in the Trairão iron project in Brazil.

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.31 and traded as high as C$0.41. Talon Metals shares last traded at C$0.40, with a volume of 742,294 shares.

Wall Street Analysts Forecast Growth

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

Talon Metals Stock Performance

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$446.20 million, a PE ratio of -55.00 and a beta of 0.37. The firm has a 50 day moving average price of C$0.32 and a 200-day moving average price of C$0.20.

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.