Talon Metals (TSE:TLO) Stock Price Up 38.2% - Here's Why

Talon Metals Corp. (TSE:TLO - Get Free Report) shares were up 38.2% on Thursday . The company traded as high as C$0.33 and last traded at C$0.26. Approximately 13,137,507 shares were traded during mid-day trading, an increase of 1,400% from the average daily volume of 875,781 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut their price objective 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 Stock Down 1.9%

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The business's fifty day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.10. The company has a market cap of C$243.03 million, a PE ratio of -55.00 and a beta of 1.13.

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.