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

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) shot up 39.5% during mid-day trading on Thursday . The company traded as high as C$0.33 and last traded at C$0.27. 14,707,631 shares were traded during trading, an increase of 1,545% from the average session volume of 893,898 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

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

Talon Metals Trading Up 39.5%

The stock has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.10. The company has a market capitalization of C$247.70 million, a P/E 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.

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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