Talon Metals (TSE:TLO) Trading Up 46.1% - What's Next?

Talon Metals Corp. (TSE:TLO - Get Free Report)'s stock price rose 46.1% during trading on Thursday . The company traded as high as C$0.33 and last traded at C$0.28. Approximately 6,506,339 shares traded hands during mid-day trading, an increase of 718% from the average daily volume of 795,083 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

Separately, TD Securities decreased their price objective on shares of 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 Price Performance

The stock has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.10. 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 market capitalization of C$243.03 million, a price-to-earnings ratio of -55.00 and a beta of 1.13.

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.