Talon Metals (TSE:TLO) Trading 20% Higher - Here's What Happened

Key Points

• Talon Metals Corp. experienced a significant price increase, with its stock trading up 20% to C$0.36 during Wednesday's trading session.
• The trading volume for Talon Metals surged by 251%, with 4,814,332 shares changing hands compared to an average of 1,370,432 shares.
• The company has a market capitalization of C$336.50 million and maintains a low debt-to-equity ratio of 0.08.

Talon Metals Corp. (TSE:TLO - )'s stock price traded up 20% during trading on Wednesday . The stock traded as high as C$0.36 and last traded at C$0.36. 4,814,332 shares were traded during trading, an increase of 251% from the average session volume of 1,370,432 shares. The stock had previously closed at C$0.30.

Talon Metals Trading Up 20.0%

The stock has a market capitalization of C$336.50 million, a P/E ratio of -55.00 and a beta of 1.13. The firm's 50 day moving average price is C$0.25 and its 200 day moving average price is C$0.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

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.

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