Talon Metals Corp. (TSE:TLO - Get Free Report)'s stock price rose 39.5% on Friday . The company traded as high as C$0.33 and last traded at C$0.27. Approximately 14,707,631 shares changed hands during mid-day trading, an increase of 1,545% from the average daily volume of 893,898 shares. The stock had previously closed at C$0.19.
Analysts Set New Price Targets
Separately, TD Securities reduced 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 research note on Monday, March 31st.
Read Our Latest Stock Report on TLO
Talon Metals Trading Up 39.5%
The business's 50 day moving average price is C$0.13 and its two-hundred day moving average price is C$0.10. The company has a market capitalization of C$247.70 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.
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.
Further Reading
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