Talon Metals Corp. (TSE:TLO - Get Free Report) shares rose 28.6% on Tuesday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 5,254,911 shares changed hands 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 Analyst Weigh In
Several equities analysts have recently commented on the stock. TD Securities lowered their target price on shares of Talon Metals from C$0.25 to C$0.20 and set a "buy" rating on the stock in a report on Monday, March 31st. Stifel Nicolaus cut their target price on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating for the company in a research note on Thursday, January 30th.
Check Out Our Latest Stock Report on Talon Metals
Talon Metals Stock Up 3.3%
The company has a market capitalization of C$144.88 million, a PE ratio of -55.00 and a beta of 1.13. The company's 50 day moving average is C$0.10 and its two-hundred day moving average is C$0.09. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.
About Talon Metals
(
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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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