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

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

Analyst Ratings Changes

Several research firms have recently commented on TLO. Stifel Nicolaus reduced their price target on 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 reduced their price target on 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 Down 3.2%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The firm has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.09. The firm has a market capitalization of C$140.21 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

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.