Talon Metals (TSE:TLO) Stock Price Up 28.6% - Should You Buy?

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

Analyst Ratings Changes

A number of brokerages have weighed in on TLO. TD Securities cut their price objective 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 price objective 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 Trading Down 3.2%

The company has a market cap of C$140.21 million, a P/E ratio of -55.00 and a beta of 1.13. The stock's 50 day moving average is C$0.10 and its 200-day moving average is C$0.09. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

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.