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Talon Metals (TSE:TLO) Stock Price Up 20% - Still a Buy?

Talon Metals logo with background

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.
  • Need better tools to track Talon Metals? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price rose 20% during mid-day trading on Wednesday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 5,334,685 shares were traded during mid-day trading, an increase of 288% from the average daily volume of 1,375,324 shares. The stock had previously closed at C$0.30.

Talon Metals Price Performance

The firm's 50-day moving average price is C$0.26 and its 200-day moving average price is C$0.16. The company has a market cap of C$383.24 million, a price-to-earnings 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

(Get Free Report)

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.

Further Reading

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