Talon Metals (TSE:TLO) Trading 39.5% Higher - What's Next?

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price was up 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.

Analyst Ratings Changes

Separately, TD Securities lowered their target price on Talon Metals from C$0.25 to C$0.20 and set a "buy" rating on the stock in a research note on Monday, March 31st.

Talon Metals Stock Up 39.5%

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 firm has a market cap of C$247.70 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The firm's 50 day simple moving average is C$0.13 and its two-hundred day simple moving average is 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.

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