Talon Metals (TSE:TLO) Trading Up 5.2% - What's Next?

Key Points

• Talon Metals' stock (TSE:TLO) increased by 5.2% during mid-day trading, reaching a price of C$0.31, although trading volume was significantly low at 128,901 shares.
• TD Securities has revised their target price for Talon Metals from C$0.25 to C$0.20 while maintaining a "buy" rating.
• 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.

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) were up 5.2% during mid-day trading on Tuesday . The company traded as high as C$0.31 and last traded at C$0.31. Approximately 128,901 shares changed hands during trading, a decline of 90% from the average daily volume of 1,315,561 shares. The stock had previously closed at C$0.29.

Talon Metals Stock Performance

The stock has a fifty day simple moving average of C$0.24 and a 200-day simple moving average of C$0.15. The stock has a market cap of C$271.07 million, a P/E ratio of -55.00 and a beta of 1.13. 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.