Talon Metals (TSE:TLO) Trading Down 8.5% - Here's Why

Key Points

• Talon Metals shares fell about 8.5% intraday to as low as C$6.61 (last C$6.75) on Friday, with volume of ~415,519 shares, down ~45% from its average daily volume.
• The stock trades around a C$1.10 billion market cap with a negative P/E (-142.6), a 50-day/200-day moving average of C$7.59/C$6.10, and a higher volatility profile (beta 2.25).
• The company holds an 18.45% stake in the Tamarack nickel‑copper‑PGE project (Minnesota) and 100% of the Trairão iron project (Brazil); it reported a quarterly loss of C($0.05) per share and analysts forecast ~C$0.01 EPS for the fiscal year.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s stock price dropped 8.5% during mid-day trading on Friday . The stock traded as low as C$6.61 and last traded at C$6.75. Approximately 415,519 shares were traded during trading, a decline of 45% from the average daily volume of 758,632 shares. The stock had previously closed at C$7.38.

Talon Metals Stock Down 3.4%

The firm's fifty day moving average price is C$7.59 and its 200-day moving average price is C$6.10. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -142.60 and a beta of 2.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

Talon Metals (TSE:TLO - Get Free Report) last announced its quarterly earnings results on Saturday, March 28th. The mining company reported C($0.05) earnings per share (EPS) for the quarter. Sell-side analysts expect that Talon Metals Corp. will post 0.01 earnings per share for the current fiscal year.

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.

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