Talon Metals (TSE:TLO) Trading Up 3.3% - What's Next?

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) shot up 3.3% on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. 864,278 shares were traded during mid-day trading, an increase of 46% from the average session volume of 593,959 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TLO. Stifel Nicolaus decreased their price objective on Talon Metals from C$0.50 to C$0.45 and set a "buy" rating on the stock in a research note on Thursday, January 30th. TD Securities cut 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 report on Monday, March 31st.

Talon Metals Price Performance

The company has a market cap of C$186.94 million, a PE ratio of -55.00 and a beta of 1.13. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.09.

Talon Metals Company Profile

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.