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

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) were up 28.6% during trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 5,254,911 shares were traded during 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 Analyst Weigh In

Several analysts recently commented on TLO shares. Stifel Nicolaus decreased their price target on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating for the company in a report on Thursday, January 30th. TD Securities decreased their price target on shares of Talon Metals from C$0.25 to C$0.20 and set a "buy" rating for the company in a report on Monday, March 31st.

Talon Metals Stock Performance

The company has a market cap of C$140.21 million, a P/E ratio of -55.00 and a beta of 1.13. 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's 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.09.

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.