Talon Metals (TSE:TLO) Trading Up 16.7% - Here's Why

Key Points

• Talon Metals shares experienced a significant increase of 16.7% on Wednesday, trading at C$0.35, compared to a previous close of C$0.30.
• The company has a market capital of C$331.83 million and displays a PE ratio of -55.00, indicating negative profitability.
• Talon Metals 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.

Talon Metals Corp. (TSE:TLO - Get Free Report) shares rose 16.7% on Wednesday . The company traded as high as C$0.36 and last traded at C$0.35. Approximately 5,117,643 shares traded hands during trading, an increase of 272% from the average daily volume of 1,374,645 shares. The stock had previously closed at C$0.30.

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 company's 50-day moving average price is C$0.26 and its two-hundred day moving average price is C$0.16. The company has a market capitalization of C$383.24 million, a price-to-earnings 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.