Talon Metals (TSE:TLO) Stock Price Up 28.6% - Here's What Happened

Talon Metals Corp. (TSE:TLO - Get Free Report) rose 28.6% on Monday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 5,254,911 shares were traded during mid-day trading, an increase of 920% from the average daily volume of 515,142 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

TLO has been the topic of several research reports. TD Securities decreased their target price on Talon Metals from C$0.25 to C$0.20 and set a "buy" rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus decreased their target price on Talon Metals from C$0.50 to C$0.45 and set a "buy" rating on the stock in a research report on Thursday, January 30th.

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 stock has a market cap of C$126.19 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The firm has a fifty day moving average of C$0.10 and a 200 day moving average of C$0.09.

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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