Talon Metals Corp. (TSE:TLO - Get Free Report) rose 39.5% on Thursday . 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.
Wall Street Analyst Weigh In
Separately, TD Securities reduced their target price 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.
View Our Latest Report on Talon Metals
Talon Metals Stock Down 1.9%
The firm's 50-day simple moving average is C$0.13 and its 200 day simple moving average is C$0.10. 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 stock has a market capitalization of C$243.03 million, a P/E ratio of -55.00 and a beta of 1.13.
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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