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Talon Metals (TSE:TLO) Sets New 12-Month Low - What's Next?

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Talon Metals Corp. (TSE:TLO - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 1853650 shares trading hands. The stock had previously closed at C$0.08.

Analyst Ratings Changes

Several research firms recently weighed in on TLO. Stifel Nicolaus cut their target price on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating for the company in a research note on Thursday, January 30th. TD Securities reduced their target price on shares of Talon Metals from C$0.55 to C$0.30 and set a "buy" rating on the stock in a report on Monday, November 18th.

Read Our Latest Analysis on TLO

Talon Metals Stock Performance

The business's fifty day moving average price is C$0.08 and its two-hundred day moving average price is C$0.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The stock has a market capitalization of C$74.78 million, a P/E ratio of -55.00 and a beta of 1.13.

About Talon Metals

(Get Free Report)

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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