Talon Metals (TSE:TLO) Shares Up 28.6% - Still a Buy?

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

Analysts Set New Price Targets

TLO has been the subject of several research reports. TD Securities reduced their target price 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. Stifel Nicolaus cut their target price on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating on the stock in a report on Thursday, January 30th.

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 company has a market capitalization of C$140.21 million, a PE ratio of -55.00 and a beta of 1.13. The firm's 50-day simple moving average is C$0.10 and its 200 day simple moving average is 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.