Talon Metals (TSE:TLO) Stock Price Up 20% - Here's Why

Key Points

• Talon Metals Corp. (TSE:TLO) saw its stock price surge by 20% in a single trading session, reaching C$0.36, compared to the previous close of C$0.30.
• Trading volume increased dramatically, with over 5.3 million shares changing hands, marking a rise of 288% from the average session volume.
• The company, focused on mineral exploration, holds an 18.45% stake 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 - )'s stock price shot up 20% during trading on Wednesday . The stock traded as high as C$0.36 and last traded at C$0.36. 5,334,685 shares were traded during mid-day trading, an increase of 288% from the average session volume of 1,375,324 shares. The stock had previously closed at C$0.30.

Talon Metals Stock Up 18.3%

The firm's 50-day moving average price is C$0.25 and its 200 day moving average price is C$0.15. The firm has a market cap of C$331.83 million, a P/E ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

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.

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