Talon Metals (TSE:TLO) Trading 39.5% Higher - Still a Buy?

Talon Metals Corp. (TSE:TLO - Get Free Report) shares rose 39.5% during trading on Friday . The stock 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.

Analysts Set New Price Targets

Separately, TD Securities decreased 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 stock has a market capitalization of C$247.70 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of C$0.13 and a 200 day simple moving average of C$0.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.