Talon Metals (TSE:TLO) Trading Up 15% - Here's Why

Key Points

• Talon Metals Corp. shares surged by 15%, reaching a trading price of C$0.35, with a significant trading volume increase of 91% compared to the average session.
• The company holds an 18.45% interest in the Tamarack nickel-copper-PGE project in Minnesota and a 100% interest in the Trairão iron project in Brazil.
• With a market capitalization of C$331.83 million and a low debt-to-equity ratio of 0.08, Talon Metals demonstrates strong financial health.

Talon Metals Corp. (TSE:TLO - )'s share price traded up 15% during mid-day trading on Wednesday . The company traded as high as C$0.35 and last traded at C$0.35. 2,581,853 shares changed hands during trading, an increase of 91% from the average session volume of 1,349,044 shares. The stock had previously closed at C$0.30.

Talon Metals Price Performance

The stock has a market capitalization of C$331.83 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The business's 50 day simple moving average is C$0.25 and its 200-day simple moving average is C$0.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81.

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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